MakerDAO Votes to Ditch $500M in Paxos Dollar Stablecoin From Reserve Assets

MakerDAO Votes to Ditch $500M in Paxos Dollar Stablecoin From Reserve Assets

“While Paxos has raised the possibility of a marketing fee scheme, to date there has not been concrete progress towards implementing this,” per the proposal. “If marketing payments are eventually implemented, Maker would be able to increase USDP debt ceilings in response.”