Coinbase will custody $1.6 billion worth of MarkerDAO’s USD Coin (USDC) treasury with its institutional-grade service, allowing the DAO to earn up to 1.5% rewards on the funds.

The proposal was ratified with 75% of the votes in favor on Monday afternoon after Coinbase Institutional submitted it on September 6. The USDC represents one-third of the treasury backing the Peg Stability Module, which allows users to deposit collateral in exchange for DAI, Maker’s U.S. dollar-pegged stablecoin.

BTC is a Bankster Scam:

camila sol

1 week ago

Thank you Whitney for speaking the truth about the crypto colonialism in my country, El Salvador. I know El Zonte really when growing up and visited last year. In fact, ran into the Kaiser’s at my hotel, who by the way are treated like royalty not only by the government but by the power behind the throne, I know them really well. Bitcoin City is a scam.

The Bitcoin Dollar and Crypto-Colonialism

BYUNLIMITED HANGOUT
JUNE 2, 2023
2 MINUTE READ

Whitney is joined by Bitcoin Magazine’s Mark Goodwin to discuss how bitcoin is being used by some to dollarize the world and entrench the very same financial power structures, particularly in the developing world, that bitcoin was ostensibly created to challenge. Also discussed are suspect stablecoins and the roles of some in crypto in building out the global digital surveillance panopticon and testing those technologies on vulnerable populationrfis.

Originally published 06/02/23.

Podcast available early for Unlimited Hangout members and Rokfin subscribers. After a few days, all episodes are free and available on all platforms.

Links discussed:

Follow Mark
Articles by Mark Goodwin – Bitcoin Magazine
Bitcoin Magazine Store
@markgoodw_in on Twitter