The International Monetary Fund (IMF) has warned El Salvador to avoid trading Bitcoin bonds due to the risks it poses for the economy. This latest development comes after increased regulations from the Central American country that promotes the adopt...
$500 million of the funds currently collateralizing the Dai (DAI) stablecoin will be reallocated to U.S. Treasuries and corporate bonds in an effort to provide the protocol low risk additional yield.
“Nothing about Coinbase changed this week, we are the same company we were yesterday, or a year ago. If anything, we are in an even stronger position given our balance sheet,” assured Coinbase CEO Brian Armstrong.