“Recent MakerDAO governance discussions have raised concerns about GUSD’s heavy reliance on the PSM and Gemini holding GUSD reserves at Silvergate,” Riyad Carey, an analyst of digital-asset research firm Kaiko, wrote in a report earlier this month, referring to Silvergate Bank, a crypto bank that saw a large outflow of customers’ digital-asset deposits in the fourth quarter.

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• Source: https://www.coindesk.com/markets/2023/01/19/makerdao-votes-to-keep-gemini-usd-in-dai-stablecoins-reserves/?utm_medium=referral&utm_source=rss&utm_campaign=headlines