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Crypto Lending Protocol MakerDAO Approves Transferring a Maximum of $500M in USDC to Coinbase Custody for 2.6% Yield

The maneuver is part of MakerDAO’s earlier decision to move up to $1.6 billion of USDC stablecoins to Coinbase’s custody arm.

Updated May 9, 2023, 4:12 a.m. Published Apr 20, 2023, 8:33 p.m.
MakerDAO founder Rune Christensen (CoinDesk TV)
MakerDAO founder Rune Christensen (CoinDesk TV)