According to BlockBeats, on July 13, MakerDAO announced plans to invest $1 billion of its reserves in tokenized U.S. Treasury products. Top participants such as BlackRock's BUIDL, Superstate and Ondo Finance will actively participate in the plan.
MakerDAO’s plans reportedly represent a major shift in its reserve strategy. The protocol has led the real-world asset (RWA) trend in crypto, partially backing its decentralized stablecoins, which are backed by U.S. government bonds and notes held off-chain by a range of partners.
