MakerDAO Votes to Allow $100M DAI Loans to U.S. Bank

07/07 20:35

MakerDAO will now be able to loan up to $100 million worth of DAI to Huntingdon Valley Bank when it posts collateral to an off-chain account. It’s the first time a U.S. bank has connected to the DeFi ecosystem. Five other real-world assets have been integrated to MakerDAO, with more suggestions in discussion on the governance board. The protocol recently voted to allocate $500 million in DAI into bonds.

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