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MakerDAO Votes to Ditch $500M in Paxos Dollar Stablecoin From Reserve Assets

The result is a significant blow for Paxos as MakerDAO currently holds roughly half of USDP’s total supply.

Updated Jun 1, 2023, 7:08 p.m. Published Jun 1, 2023, 4:16 p.m.
MakerDao (Brady Dale/CoinDesk)
MakerDao (Brady Dale/CoinDesk)