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3232Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident
https://www.digit.info/makerdao-issues-emergency-proposal-to-address-3-1b-in-usdc-collateral-after-stablecoin-depegging-incident/
Sat, 11 Mar 2023 18:30:16 +0000https://www.digit.info/2023/03/11/makerdao-issues-emergency-proposal-to-address-3-1b-in-usdc-collateral-after-stablecoin-depegging-incident/Read more]]>On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC collateral that backs a portion of the project’s stablecoin, DAI. Makerdao Proposes Changes to Limit Exposure […]