MakerDAO Votes to Keep Gemini USD in DAI Stablecoin’s Reserves

MakerDAO Votes to Keep Gemini USD in DAI Stablecoin’s Reserves


CoinDesk
2023-01-19 16:50:03

In a dramatically tight voting, some 51% of votes favored ousting Gemini’s stablecoin from MakerDAO’s reserve. The result is a significant blow to GUSD, as MakerDAO has held 85% of all tokens in circulation.