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MakerDAO Governance Approves USDC Stablecoin as Collateral

Published 03/18/2020, 08:20 AM
Updated 03/18/2020, 10:00 AM
MakerDAO Governance Approves USDC Stablecoin as Collateral

The MakerDAO governance has approved the USD Coin (USDC) stablecoin as the third collateral type accepted in the Maker Protocol, according to a community post on March 17.

The decision was put to an extraordinary executive vote outside of the usual weekly schedule, with the aim of urgently increasing Dai (DAI) liquidity following last week’s market instability.

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