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MakerDAO to Invest $1 Billion in Tokenized U.S. Treasury Products

According to ChainCatcher, MakerDAO, the crypto lending platform, plans to invest its $1 billion reserves in tokenized U.S. Treasury products. This move has garnered positive feedback from the industry.

Several companies, including BlackRock's BUIDL, Superstate, and Ondo Finance, have expressed support for this development. Carlos Domingo, CEO of BlackRock's issuing partner and tokenization platform Securitize, stated, "We believe MakerDAO's decision is very positive, and we are pleased to be involved with BlackRock's BUIDL."

Robert Leshner, founder of Superstate, added, "We are delighted that MakerDAO is creating an open process that allows us to introduce USTB to the community."

The investment plan by MakerDAO has been widely supported within the industry, promising an exciting future ahead.

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