The stablecoin market faced a significant challenge as USD Coin [USDC] came under scrutiny. MakerDAO, the protocol behind stablecoin DAI, also felt the impact.
But despite this, MakerDAO saw profits, thanks to its RWA holdings.Is your portfolio green? Check out the Maker Profit CalculatorAccording to data provided by Delphi Digital, MakerDAO made a $3.8 million profit through its RWA holdings.
These holdings contribute significantly to MakerDAO’s overall earnings, making up 11.6% of its total holdings. Real World Asset (RWA) is a type of collateral that is not cryptocurrency-based but is more traditional and tangible, such as U.S.
Treasury Bills and Bonds.<p lang=«en» dir=«ltr» xml:lang=«en»>.@MakerDAO has profited $3.8M through their investments in U.S.Read more on ambcrypto.com