MakerDAO Joint Venture: Consider all USDC in the sale agreement related to Tornado Cash sanctions

According to BlockBeats, on August 12th, according to The Block, MakerDAO co-founder Rune Christensen stated in Discord that MakerDAO may choose to sell all of The USDC exposure in The protocol, Such a move could trigger a decoupling of DAI from the US dollar, which needs to be prepared for. Currently, 80% of the collateral assets behind DAI are Stablecoin and 60% are USDC, according to Makerburn. In response to the proposal, VGod was previously reported to have said: "This seems like a risky scary idea. Once ETH falls sharply, the value of the collateral will fall sharply, but CDP will not be liquidated, so the whole system will be at risk of becoming a fractional reserve." Rune Christensen cited the recent U.S. Treasury sanctions on crypto hybrid service Tornado Cash as a reason to consider the switch. The sanctions are more severe than he initially thought. Following the sanctions, Centre, the consortium behind USDC, froze USDC funds in Tornado Cash wallets.