MakerDAO Launches Urgent Proposal to Mitigate Risk with USDC

MakerDAO has recently launched an urgent proposal aimed at USDC, limiting Maker’s exposure to susceptible stablecoins and other hazardous collaterals. The proposal aims at ensuring adequate liquidity to prevent DAI from experiencing significant above-market movements if conditions change. This move has been considered significant in mitigating risks associated with Maker’s operations.