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PANews reported on June 21 that MakerDAO, the core development organization behind the DAI stablecoin, completed the purchase of more than $700 million in U.S. Treasury bonds. The group initially purchased $500 million in bonds in October 2022, and its total bond holdings now stand at $1.2 billion. MakerDAO invests in bonds to increase exposure to low-risk, liquid traditional assets. Monetalis Clydesdale Vault, a digital asset management firm born out of DeFi lender Monetalis Group, completed the purchase on behalf of MakerDAO.

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