The MakerDAO community voted to approve the proposal to custody up to $1.6 billion $USDC with Coinbase Prime. MakerDAO will earn a 1.5% reward on its $USDC. In the future, Coinbase and MakerDAO will automate transactions between the PSM and Prime account via smart contract or API.
Stablecoins
DeFi
Coinbase
Wall Street back-office giant DTCC mulls stablecoin integration: report Crypto industry cheers progress in 'historic' stablecoin legislation as Senate advances GENIUS Act COIN jumps 8% on news Coinbase will become the first pure-play crypto firm to join S&P 500 index Circle secures in-principle approval to operate as money services provider in Abu Dhabi Mastercard moves to integrate stablecoins into global payments network
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