Weekly Roundup 10/07/22 (Gensler’s theatrics, tokenization picks up, MKR buys Treasuries) (EP.358)
On The Brink with Castle Island
Ml
Maker is investing $500 million in treasuries and investment grade corporate bonds. This is very interesting because initially they had a lot of stablecoins like USDC inside of their treasury, basically, or as collateral,. But if you're holding those stable coins, you're not getting any yield. I think that that's unfortunately for the real people that don't want to have that. That's where this whole D5 thing is going.
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