The Aave community is currently voting to support the USD stablecoin PYUSD
According to CoinDesk, decentralized lending protocol Aave is voting to support PayPal's USD stablecoin PYUSD. Data shows that 99.98% of AAVE token holders voted in favor, with the voting deadline set for later this Thursday.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Paying the price for supporting the yen? Japan's foreign reserves fell by $87.8 billions in August, possibly due to selling US Treasuries for funding.
Japanese authorities may have used part of their foreign exchange reserves, including foreign securities such as U.S. Treasury bonds, over the past month to fund record-sized foreign exchange intervention operations.
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