USDT issuer Tether has up to $1.7B in excess reserves, CTO says
Tether chief technology officer Paolo Ardoino believes USDT is becoming the “safest asset to hold in the world” amid the banking crisis.
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Xapo Bank to enable USDC deposits and withdrawals
According to the Bitcoin custodian, utilizing the USDC stablecoin will allow members to deposit and withdraw funds without fees.
Mastercard to settle transactions for stablecoin wallet in APAC
Mastercard has entered a collaboration that would allow retail customers in the APAC region to spend their stablecoins anywhere Mastercard is accepted.
USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny: Moody’s
"Financial institutions may reconsider adopting stablecoins to settle agreements involving tokenized securities out of concern over the coins' potential volatility,” Moody’s said.
Crypto Biz: SVB collapses, USDC depegs, Bitcoin still up
Turmoil in traditional finance spilled over into Bitcoin and crypto markets, forcing federal regulators to step in.
MakerDAO passes proposal for $750M increase in US Treasury investments
The emergency proposal increases MakerDAO’s holdings of United States bonds by 150%, aiming to diversify the Dai stablecoin’s collateral exposure.
Swiss Bankers Association proposes deposit tokens to develop digital economy
A deposit token is a concept that came out of Singapore’s Project Guardian last year, and it has already been touted by JPMorgan.
Circle’s USDC Regains $1 Peg After Tumultuous Weekend
After breaking its peg over the weekend and trading as low as $0.87, Circles USDC stablecoin is now at $1 again. 1 USDC for $0.87 All eyes are on USDC...
KuCoin leads $10M funding for Chinese yuan stablecoin issuer
Circle’s investment arm has joined a funding round for CNHC, the issuer of the eponymous stablecoin pegged to the offshore yuan.
National Australia Bank made first-ever cross-border stablecoin transaction
The “big four” Australian bank is the second to issue a stablecoin and hopes to support transactions by corporate clients by the end of the year.
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