Stablecoin Issuer MakerDAO Allocates $500M for Treasuries, Corporate Bond Investment

The MakerDAO community has voted to allocate $500 million USD into US treasuries and corporate Bonds as a “strategic investment” which will be converted from $500M DAI, its overcollateralized stablecoin. The proposal was presented originally in late June with a three-month window for members to decide.

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