MakerDAO moves $250M of its Coinbase custody to safeguard DAI peg
MakerDAO has shifted $250 million from its Coinbase Custody account to replenish the collateral for its DAI stablecoin, following a drastic dip in the coin’s reserves. This move was triggered due to the collateral backing the DAI stablecoin falling below the intended levels. A surge of liquidations forced MakerDAO to utilize half of its $500 […]