MakerDAO buys $700M in US Treasury bonds

MakerDAO, the organization behind the DAI stablecoin, has purchased $700 million worth of U.S. Treasury bonds, bringing the DAO’s total Treasury bond holdings to $1.2 billion. The MakerDAO community had already held the preliminary vote to increase its U.S. Treasury bond holdings from $500 million to $1.25 billion in March.