UXD Protocol: Will sell all crypto assets except stablecoins to purchase USDC and U.S. Treasury bonds

ChainCatcher news, the algorithmic stablecoin protocol UXD Protocol stated on social media that the previous governance proposal has been voted through, and the team will sell all cryptocurrency assets (excluding stablecoins) to purchase USDC and U.S. Treasury bonds.

Previously, UXD Protocol released a governance proposal aimed at limiting the insurance fund to low-risk assets such as USDC, tokenized U.S. Treasury bonds, and UXD/USDCLP tokens.