RATE Group | Maker Accepts USDC as a Collateral, Becomes ‘Less Trustless’ + More News
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Maker Accepts USDC as a Collateral, Becomes ‘Less Trustless’ + More News

17 Mar Maker Accepts USDC as a Collateral, Becomes ‘Less Trustless’ + More News

Posted at 17:01h in Cryptocurrency News by

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Maker Accepts USDC as a Collateral, Becomes 'Less Trustless' + More News 101
Source: iStock/Savany

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

DeFi news

  • As a result of an Executive Vote held today, MKR holders have accepted USD Coin (USDC) as a new collateral asset in the Maker Protocol, says the announcement. 82% of MakerDAO community has voted for adding support for USDC, a stablecoin pegged to the USD and managed by Circle and Coinbase, as an alternative collateral and an emergency measure to help mitigate the liquidity risk. According to a community thread, which includes a list of pros and cons connected to this move, MakerDAO’s Foundation Dev Team had also discussed this matter in a call today. Ryan Sean Adams, the founder of crypto asset investment company MythosCapital, commented that Maker is still trustless, but “less trustless than before.”
  • Institutional digital asset security platform Fireblocks has announced an…

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