MakerDAO founder proposes converting $3.5B USDC reserve to Ethereum
Buterin has called MakerDAO’s idea of converting its reserve into Ethereum a “risky and terrible idea.”
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Buterin has called MakerDAO’s idea of converting its reserve into Ethereum a “risky and terrible idea.”
Oluwapelumi Adejumo 3 min read
The lender, which returned all SOL, XRP and ADA tokens to users over the past week, will allow withdrawal of up to 0.0045 BTC from Aug. 16.
While Bitcoin's SOPR has been retesting its resistance, Ethereum has been retesting its support, showing the two could be moving in opposite directions.
Ethereum is up 12% and trading at $1,886 following news of the successful completion of the Goerli testnet merge.
Reddit has partnered with FTX Pay to allow users to buy ETH with fiat to pay for gas fees associated with Community Points transactions.
Circle said it would not have any problem with the Merge, and USDC will function efficiently on a PoS blockchain.
MakerDAO said there are seven major risks to the protocol if Ethereum is forked.
Ethereum’s current rally could be attributed to speculation as traders race to post profits ahead of the upcoming Merge.
Circle's USDC has "blacklisted" all Ethereum addresses owned by Tornado Cash listed in the US Treasury Department's sanction against the protocol.
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