The formation behind the stablecoin project DAI on MakerDAO A new vote has been presented to users. According to the proposal, the MakerDAO platform, Coinbase Prime will open a new account on the stock market. 33% of USDC stablecoins held by MakerDAO will be transferred to the new account.
Made by MakerDAO USDC The amount is estimated to be approximately 3.5 billion dollars. According to calculations, the value of USDC tokens that will migrate to the Coinbase Prime platform will be $ 1.1 billion.
USDC is not just Circle, as most people know. Coinbase is also behind the partners of stablecoin. With the planned transfer between Maker and Coinbase, it is aimed to increase the investment diversity of both startups.
Coinbase announced last week that it will introduce a new convenience for USDC stablecoin transactions:
“To promote global adoption of stablecoins, we will not charge commissions on USDC transactions made in fiat currency on our exchange.”
Maker announced earlier this month that it has invested $500 million in US bonds.
The voting of the proposal continues on the MakerDAO platform. In the voting, which is expected to end on October 24, the situation is currently 88% to 12% positive.
With the end of the voting process, USDCs are expected to be migrated to Coinbase Prime. Crypto experts predict that the cooperation will bring huge financial gains for both parties.
Independent stablecoins on the agenda of many countries. Hong Kong officials recently announced that they have prepared a new stablecoin-backed CBDC prototype.
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