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The Daily Hodl
2022-10-07 18:45:50

Organization Behind Fourth-Largest Stablecoin To Invest $500,000,000 in US Treasuries and Corporate Bonds

Organization Behind Fourth-Largest Stablecoin To Invest $500,000,000 in US Treasuries and Corporate Bonds

MakerDAO, the decentralized autonomous organization (DAO) behind the stablecoin DAI is kicking off its $500 million investment strategy to allocate funds for traditional assets. The issuer of the fourth-largest stablecoin by market cap is moving $500 million from its balance sheet to short-term US treasuries and corporate bonds to expand its asset exposure and revenue […]The post Organization Behind Fourth-Largest Stablecoin To Invest $500,000,000 in US Treasuries and Corporate Bonds appeared first on The Daily Hodl.

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