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MakerDAO Votes to Keep Gemini USD in DAI Stablecoin’s Reserves

Altszn.com by Altszn.com
January 19, 2023
in Blockchain, Crypto, DeFi, Web3
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MakerDAO Votes to Keep Gemini USD in DAI Stablecoin’s Reserves
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“Recent MakerDAO governance discussions have raised concerns about GUSD’s heavy reliance on the PSM and Gemini holding GUSD reserves at Silvergate,” Riyad Carey, an analyst of digital-asset research firm Kaiko, wrote in a report earlier this month, referring to Silvergate Bank, a crypto bank that saw a large outflow of customers’ digital-asset deposits in the fourth quarter.



Read More: www.coindesk.com

Tags: daiDeFiGeminiMakerDAOReservesStablecoinsUSDvotes
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