CoinVoice has recently learned that on October 2, the algorithmic stablecoin protocol UXD Protocol stated on social media that the previous governance proposal had been voted through and the team would sell all cryptocurrency assets (excluding stablecoins) and instead purchase USDC and U.S. Treasury bonds.

Previously, UXD Protocol released a governance proposal to limit the insurance fund to low-risk assets such as USDC, tokenized US Treasury bonds, and UXD/USDCLP tokens. [Original link]