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Markets

Default of Tokenized Loans on Centrifuge Puts MakerDAO’s Investment at Risk

MakerDAO has lent $1.84 million of DAI stablecoin to the tokenized credit pool under distress.

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By Krisztian Sandor

Aug 25, 2023 at 12:53 p.m. UTC

Aug 25, 2023

MakerDAOReal World Assets Tokenized AssetsCentrifugeLendingDefault

Janet Yellen, U.S. Treasury secretary, speaks during an interview at the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, U.S., on Tuesday, Sept. 28, 2021. Yellen today warned that her department will effectively run out of cash around Oct. 18 unless Congress suspends or increases the federal debt limit, putting pressure on lawmakers to avert a default on U.S. obligations. Photographer: Amanda Andrade-Rhoades/Bloomberg via Getty Images

Markets

Stand-Off Over $28T of US Government Debt Could Rattle Bitcoin Market

The American government has never defaulted on its debts, but congressional gridlock over raising the debt ceiling is making investors question what would happen if it did.

Janet Yellen, U.S. Treasury secretary, speaks during an interview at the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, U.S., on Tuesday, Sept. 28, 2021. Yellen today warned that her department will effectively run out of cash around Oct. 18 unless Congress suspends or increases the federal debt limit, putting pressure on lawmakers to avert a default on U.S. obligations. Photographer: Amanda Andrade-Rhoades/Bloomberg via Getty Images

By Nate DiCamillo

Sep 29, 2021 at 7:22 p.m. UTC

Sep 29, 2021

DebtDefaultBitcoinEconomicsFederal ReserveTreasurysU.S.U.S. Economy