UXD Protocol: Will sell all crypto assets except stablecoins and buy USDC and U.S. Treasury bonds instead
On October 2, the algorithmic stablecoin protocol UXD Protocol stated on social media that the previous governance proposal had been voted on 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 aimed at limiting insurance funds to low-risk assets such as USDC, tokenized U.S. Treasury bonds, and UXD/USDCLP tokens.
On October 2, the algorithmic stablecoin protocol UXD Protocol stated on social media that the previous governance proposal had been voted on 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 aimed at limiting insurance funds to low-risk assets such as USDC, tokenized U.S. Treasury bonds, and UXD/USDCLP tokens.