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 ...

On Tuesday, September 6th, a proposal to transfer a significant portion of MakerDAO’s Peg Stability Module (PSM) to Coinbase was published. The aim of such a move would be to increase the DAO’s ...