MakerDAO Approves USDC As Collateral Even Though It Is A Competitor Due To Liquidity Crisis

MakerDAO has approved USD Coin (USDC) as collateral for loans, making USD Coin (USDC) the 3rd type of collateral to be approved alongside Ethereum (ETH) and Basic Attention Token (BAT). Technically USD Coin (USDC) is a competitor to MakerDAO’s stablecoin Dai, but MakerDAO needs to do whatever it takes to fix its liquidity crisis. Essentially,… Read more

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