MakerDAO Community Votes to Approve the Proposal to Custody $1.6 Billion $USDC with Coinbase Prime

The MakerDAO community voted to approve the proposal to custody up to $1.6 billion $USDC with Coinbase Prime. MakerDAO will earn a 1.5% reward on its $USDC. In the future, Coinbase and MakerDAO will automate transactions between the PSM and Prime account via smart contract or API.