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CATEGORY: us treasuries


Real-world assets evolve finance by tokenizing everything, says Kinto co-founder

Author: Cointelegraph by Ray Salmond
United States
Jul 27, 2024 12:00

Real-world assets evolve finance by tokenizing everything, says Kinto co-founder

Real-world assets could catalyze the tokenization of everything, or at least Kinto thinks so.

MakerDAO initiates $500 million investment in US treasuries, how will this affect MKR token?

Author: noreply@blogger.com (Unknown)
United States
Oct 07, 2022 02:50

MakerDAO initiates $500 million investment in US treasuries, how will this affect MKR token?

MakerDAO has initiated an investment, where $500 million of the funds that are collateralizing the Dai (DAI/USD) stablecoin will be relocated to US Treasuries and corporate bonds, with the main goal of providing the protocol with an additional yield at low risk. 

Maker (MKR/USD) is the governance token of the MakerDAO and the Maker Protocol, which is a decentralized organization and a software platform built on top of Ethereum (ETH/USD).

The $500 million investment as a catalyst for growth

MakerDAO is the governing body of the Maker Protocol and has taken the first step towards the plan to reallocate $500 million of its stablecoin Dai collateral reserves to short-term US Treasuries and corporate bonds.

The decentralized autonomous organization (DAO) voted on October 6 to approve a pilot transaction of $1 million, following an executive vote from Maker token holders, with the rest of the funds reallocated after the community’s confirmation.

Here, 80%, which is the majority of the $500 million, will be invested into short-term US Treasuries.

The $160 million will get allocated to the 0-1y US Treasury iShares ETF, and $240 million will be invested into the 1-3 year US Treasury iShares exchange-traded fund (ETF) from BlackRock.

However, the other $100 million will be allocated towards investment-grade corporate bonds that will be provided by investment management firm Baillie Gifford.

The holders of the MKR cryptocurrency once again determined the asset allocation.

This brings an additional level of appeal, demand, and utility for the MKR cryptocurrency.

Should you buy Maker (MKR)?

On October 7, 2022, Maker (MKR) had a value of $844.61.

MKR/USD Chart by Tradingview.

The all-time high of the Maker (MKR) cryptocurrency was on May 3, 2021, when the token reached a value of $6,292.31.This means that the cryptocurrency was trading 645% higher in value.

However, when we look at its performance throughout the past week, Maker (MKR) had its low point of value at $729.85, while the high point of value was at $865.60. 

Here we can see a $135.75 increase in value, or by 18%, which might signal a bullish run for the MKR cryptocurrency going forward.

Based on the 24-hour price movement, we can see that Maker (MKR) had its low point at $822.84, while its high point was at $855.48. This is an increase of $32.64 or by 4%.

The MKR cryptocurrency is on an upward trend and will likely carry on with its growth. Investors might want to buy MKR as it can climb to $900 by the end of October 2022.

The post MakerDAO initiates $500 million investment in US treasuries, how will this affect MKR token? appeared first on Invezz.



from Cryptocurrency – Invezz

MakerDAO goes ahead with $500M investment in treasuries and bonds

Author: Cointelegraph By Luke Huigsloot
United States
Oct 07, 2022 08:20

MakerDAO goes ahead with $500M investment in treasuries and bonds

$500 million of the funds currently collateralizing the Dai (DAI) stablecoin will be reallocated to U.S. Treasuries and corporate bonds in an effort to provide the protocol low risk additional yield.

Feb 02, 2024 02:15

Tether's Financial Triumph: Record $2.85B Q4 Profit and Strategic Asset Growth


Tether Holdings Limited reported a Q4 2023 profit of $2.85 billion, boosted by US Treasuries, Gold, and Bitcoin reserves, and a net profit of $6.2 billion, showcasing strong financial health. (Read More)

Top 5 Bitcoin critics unfazed by $100K BTC milestone

Author: Cointelegraph by Helen Partz
United States
Dec 28, 2024 12:00

Top 5 Bitcoin critics unfazed by $100K BTC milestone

Even with Bitcoin surging past $100,000 for the first time, some critics have remained skeptical about the cryptocurrencys future.

Aug 02, 2023 10:35

Tether Q2 2023: $72.5 Billion in US Treasuries Exposure with Profits Over $1 Billion


Tether's Q2 2023 report reveals $72.5B in US Treasuries exposure and profits over $1B, affirming financial stability. (Read More)

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