MakerDAO approves $100 million stablecoin loan vault for 151-year-old US bank
MakerDAO has approved Huntingdon Valley Bank, a US-based regulated bank founded in 1871, to open a stablecoin vault. This vault will work as a system allowing the bank to borrow DAI tokens after depositing off-chain loans on its balance sheet as collateral. MakerDAO is the issuer of the Dai (DAI) stablecoin. The DAO vote …
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