{"id":80746,"date":"2023-06-26T12:02:24","date_gmt":"2023-06-26T09:02:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80746"},"modified":"2025-09-11T18:50:06","modified_gmt":"2025-09-11T15:50:06","slug":"makerdao-trims-reliance-on-usdc-as-collateral","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/makerdao-trims-reliance-on-usdc-as-collateral\/","title":{"rendered":"MakerDAO trims reliance on USDC as collateral"},"content":{"rendered":"

The DeFi project MakerDAO has sharply reduced its share of USD Coin (USDC<\/a>) in the total collateral for borrowing DAI.<\/p>\n

\"MakerDAO
\u0414\u0430\u043d\u043d\u044b\u0435: DeFi Llama<\/a>.<\/figcaption><\/figure>\n

On March 13, the figure reached a peak of $4.4 billion of USDC locked in the Peg Stability Module (PSM). At the time of writing, the amount of stablecoins deposited in the service barely exceeds $521 million.<\/p>\n

The dominant share is held by various versions wrapped<\/a> Ethereum. The combined WETH and WSTETH total exceeds 69%. The total value of assets locked in the protocol stands at about $6.3 billion.<\/p>\n

\"MakerDAO
\u0414\u0430\u043d\u043d\u044b\u0435: DeFi Llama<\/a>.<\/figcaption><\/figure>\n

Earlier, the MakerDAO community launched an emergency vote on a proposal to limit the influence of USDC issues<\/a> on the decentralized stablecoin<\/a> DAI. Changes took effect on March 13.<\/p>\n

\n

“[Reserves] in USDC are declining, as we finally have ways to generate income from these unproductive assets,” said Sebastien Derivo, an analyst in MakerDAO’s Strategic Finance division, to The Block.<\/p>\n<\/blockquote>\n

In June, the platform increased the volume of US Treasury bonds<\/a> in reserves from $500 million to $1.2 billion. The project took the first step in this direction in October 2022<\/a>.<\/p>\n

Earlier in May, the MakerDAO team unveiled a roadmap<\/a> with a focus on AI.<\/p>\n","protected":false},"excerpt":{"rendered":"

The DeFi project MakerDAO has sharply reduced its share of USD Coin (USDC) in the total collateral for borrowing DAI.<\/p>\n","protected":false},"author":1,"featured_media":80747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[80,1093,1100,807,910],"class_list":["post-80746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dao","tag-defi","tag-makerdao","tag-stablecoins","tag-usdc"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/80746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=80746"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/80746\/revisions"}],"predecessor-version":[{"id":80748,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/80746\/revisions\/80748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/80747"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=80746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=80746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=80746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}