MakerDAO (CRYPTO: DAI) transferred $250 million, half of the $500 million it holds, from its Coinbase (NASDAQ:COIN) custody account to DAI’s peg stability module (PSM). The goal is to protect the peg ...

The idea of the proposal is to transfer 33% of MakerDAO’s Peg Stability Module (PSM) to Coinbase. Considering that the PSM holds $1.6 billion, this move would place $528 million in USDC into Coinbase ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. On Tuesday, September 6th, a proposal to transfer a ...