MakerDAO passed a proposal to increase its US Treasury bond holdings by 150% to $1.25 billion. The move aims to diversify its liquid assets and boost revenue stream through a net annualized yield of 4.6% to 4.5%. The bonds will be purchased with equal maturities over a six-month period. (Read More)
Credit: Source link
Mid-Size Banks Ask for Deposit Insurance Extension
The banking industry has been facing risks from uninsured deposit withdrawals, with almost 190 banks at a potential risk of...