MakerDAO To Invest $500M In Bonds To Diversify: What’s Next?

The decentralized autonomous organization (DAO) MakerDAO, which is behind the stablecoin Dai (CRYPTO: DAI), has set aside $500 million to invest in corporate and U.S. Treasury bonds. The money will come from its overcollateralized stablecoin, with 80% going to investment-grade corporate bonds and 20% going to short-term U.S. Treasury securities.