“Recent MakerDAO governance discussions have raised concerns about GUSD’s heavy reliance on the PSM and Gemini holding GUSD reserves at Silvergate,” Riyad Carey, an analyst of digital-asset research firm Kaiko, wrote in a report earlier this month, referring to Silvergate Bank, a crypto bank that saw a large outflow of customers’ digital-asset deposits in the fourth quarter.
MakerDAO Votes to Keep Gemini USD in DAI Stablecoin’s Reserves
