Reading Time: 2 minutes MakerDAO will ditch $500 million worth of the Paxos stablecoin USDP from its reserves The community voted on Thursday to remove the backing, which represents half of USDP’s total supply Paxos has been the subject of regulatory action this year regarding Binance’s BUSD coin The MakerDAO community has conducted a vote to remove $500 million worth of Paxos Dollar (USDP) stablecoin from its reserves…
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MakerDAO Drops $500 Million in USDP from Reserves
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