Paxos, a company that issues stablecoins, is proposing to pay MakerDAO a recurring fee for maintaining a reserve of up to $1.5 billion in USDP stablecoins. The proposal suggests that in order to promote the use of USDP within the Maker ecosystem and increase the debt ceiling for USDP in the PSM to $1.5 billion, Paxos will pay MakerDAO a monthly marketing fee equal to 45% of the Effective Federal Funds Rate on the USDP in the PSM. The maximum threshold for this reserve is planned to increase to $2 billion in USDP by 2024.
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USDT
$0.999489
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BNB
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USDC
$0.999702
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XRP
$1.02
▼ -1.00%
SOL
$73.56
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TRX
$0.327342
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FIGR_HELOC
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HYPE
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USDS
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ZEC
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ADA
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ETH
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USDT
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BNB
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USDC
$0.999702
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XRP
$1.02
▼ -1.00%
SOL
$73.56
▲ +1.10%
TRX
$0.327342
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FIGR_HELOC
$1.03
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HYPE
$54.11
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DOGE
$0.069627
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USDS
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RAIN
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LEO
$9.76
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ZEC
$508.15
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ADA
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▼ -0.80%
XMR
$375.88
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WBT
$56.09
▲ +0.60%
LINK
$8.16
▼ -0.30%
XLM
$0.160984
▲ +0.40%
DAI
$1.00
▲ +0.00%
BCH
$215.13
▲ +1.10%
USD1
$0.999866
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USDE
$0.999812
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GRAM
$1.35
▼ -1.70%
Mkt Cap $2.29T
BTC Dom 56.79 %
BTC
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ETH
$1,913.45
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USDT
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BNB
$591.91
▲ +0.20%
USDC
$0.999702
▲ +0.00%
XRP
$1.02
▼ -1.00%
SOL
$73.56
▲ +1.10%
TRX
$0.327342
▲ +0.10%
FIGR_HELOC
$1.03
▲ +0.80%
HYPE
$54.11
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DOGE
$0.069627
▲ +1.20%
USDS
$0.999909
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RAIN
$0.012721
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LEO
$9.76
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ZEC
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ADA
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XMR
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WBT
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LINK
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XLM
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DAI
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BCH
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USD1
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GRAM
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