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MakerDAO tokens and decentralized apps will now find support on the Huobi Exchange

As per the latest announcement by Huobi, the major crypto exchange is adding support for MakerDAO tokens and its decentralized applications. MakerDAO has a stablecoin called Dai, a token named MKR, and applications including CPD Portal.



DAO stands for Decentralized Autonomous Organization. MakerDAO is managed by xsmart contracts and code, rather than humans.



The Huobi Wallet is also adding support for an autonomous protocol for finance DApps called Compound. Huobi Global CEO Livio Weng commented, “We think blockchain technology has great potential not just for cryptocurrency but also in providing better overall financial services and products to the public […] Both Compound and MakerDAO share our vision and we’re happy to add support for them.”



Recently, UK-based Monolith collaborated with MakerDAO. Its visa debit card now supports MakerDAO’s cryptocurrency, thus enabling users to pay for certain goods in DAI, and also make bill payments.



MakerDAO CEO Rune Christensen mentions that this move will help the company step into the retail sector. He said, “Monolith’s solution provides a powerful way for token holders to extend the usefulness of their crypto-holdings. […] Their cards create a critical bridge from the world of DeFi to the more traditional world of retail.”
The post MakerDAO tokens and decentralized apps will now find support on the Huobi Exchange appeared first on BlockInspect .

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