MakerDAO community votes to approve custody of $1.6B in USDC with Coinbase By Cointelegraph
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Coinbase (NASDAQ:) Prime, an institutional prime brokerage platform for crypto assets, announced on Oct. 24 that it has entered into a partnership with MakerDAO to become a custodian of $1.6 billion worth of the stablecoin (USDC), of which MakerDAO is the largest single holder.
The MakerDAO community voted to approve the custodianship, which will allow its community to earn a 1.5% reward on its USDC while holding funds with a leading institutional custodian.
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Coinbase (NASDAQ:) Prime, an institutional prime brokerage platform for crypto assets, announced on Oct. 24 that it has entered into a partnership with MakerDAO to become a custodian of $1.6 billion worth of the stablecoin (USDC), of which MakerDAO is the largest single holder.
The MakerDAO community voted to approve the custodianship, which will allow its community to earn a 1.5% reward on its USDC while holding funds with a leading institutional custodian.
Continue Reading on Coin Telegraph