Dai stablecoin regulator MakerDAO voted overwhelmingly to keep USD Coin as collateral for Dai, while alternative proposals to “spread” collateral to Gemini Dollar (GUSD) and Paxos Dollar (USDP) were dropped.refusewith 79% of the vote against 20%
In a proposal posted March 17, the MakerDAO Risk Core Unit recommendThat the US bank’s risk was reduced thanks to a response from the federal government. As a result, the risks of using USDC as collateral are “Severe drop since last week. And no further depeg concerns are expected at this time.”
However, it is still debatable that Some risks remain, with USDC having “potential exposure to unsecured bank deposits” and a “weak legal structure” compared to peers like GUSD and USDP.
MKR holders overwhelmingly approved keeping “USDC” as their collateral, with 79.02% voting for this option, compared to 20.69% for the option to diversify the stablecoin reserves, and less than 1% (0.29%) voting against both. choose
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