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Coin Edition

2023-01-20 12:32:00

Paxos Offers $29 Million To MakerDAO To Raise Debt Ceiling

Paxos Offers $29 Million To MakerDAO To Raise Debt Ceiling

Popular stablecoin issuer, Paxos has tapped leading DeFi lender MakerDAO with a proposal to raise the debt ceiling of its Pax USD (USDP) stablecoin. The partnership proposes that USDP holdings be increased to $1.5 billion in the DAO’s reserve. The current debt ceiling is $450 million. As per the proposal posted on Maker’s governance forum, The post Paxos Offers $29 Million To MakerDAO To Raise Debt Ceiling appeared first on Coin Edition .

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