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DAI's Real-World Backing: MakerDAO Acquires $700M In US Treasuries For Collateralization
Wednesday, June 21, 2023 - 4:54pm | 405MakerDAO announced on Wednesday a significant addition of $700 million in U.S. Treasury bonds to its holdings, which took its total bond holdings to $1.2 billion, a move aimed at backing DAI with real-world assets. MakerDAO is a Defi lending protocol and the company behind the...