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MakerDAO Keeps USDC as Primary Collateral for Dai
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MakerDAO Keeps USDC as Primary Collateral for Dai

MakerDAO has voted to keep USDC as the primary collateral for Dai, rejecting a proposal to diversify into GUSD and USDP. The decision was made based on reduced risks from a cascading bank run in the US and USDC's return to a $1 peg.

Binance Futures to Introduce FDUSD Margin, Phase Out USDP
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Binance Futures to Introduce FDUSD Margin, Phase Out USDP

Binance Futures is set to support FDUSD as a margin asset, replacing USDP in Multi-Assets Mode, enhancing the platform's flexibility for users.

Bank of America Says Binance to Benefit from Increased Supply of Its Own Stablecoin
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Bank of America Says Binance to Benefit from Increased Supply of Its Own Stablecoin

BAC has given more clarification on how Binance’s automatic conversion of other stablecoins could impact its business as well as its own BUSD stablecoin.

Facebook Taps Coinbase to Offer Custody Services for Novi Digital Wallet Rollout
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Facebook Taps Coinbase to Offer Custody Services for Novi Digital Wallet Rollout

Facebook is launching Novi digital wallet. The social giant has hired Coinbase to serve as a custody partner.

Binance-Backed WazirX Exchange to Delist USDC, USDP & TUSD
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Binance-Backed WazirX Exchange to Delist USDC, USDP & TUSD

Indian crypto platform WazirX has announced it will be delisting USD Coin (USDC), USDP, and TUSD in a move that is similar to its so-called parent company, Binance Exchange.

Binance to Convert Users’ USDC Into Its Own Stablecoin
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Binance to Convert Users’ USDC Into Its Own Stablecoin

Binance said the move aims to improve liquidity and capital efficiency for customers.

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