The bigger question relates to whether Tether would bow to Washington's sanctions if asked to do so — perhaps fearing recriminations on its other lucrative operations.

Ethena Labs’ USDe stablecoin offers a high annual yield, sourced from funding payments and staking rewards. However, these particular sources of yield also expose the project to risks that could result in problems for the project during a bear market.

Tether’s USDT and its gold-backed XAUT tokens have gone live on The Open Network. A landmark deal for both sides, this cooperation might send ripples across the crypto industry.

Progress may not happen soon. Just like London — which faces political uncertainty as an election looms — Washington is likely to grind to a standstill as the presidential battle heats up.

As Tether again stopped a scam in its tracks by blacklisting a hacker’s account, users are reminded about the powers they hand to centralized money issuers.

The Governor of the Bank of England told an audience that an inability to specify a precise detailed use case today was no reason to put off investigating the future potential of ‘enhanced digital money’.

The Bank for International Settlements’ Annual Economic Report 2023 dedicates a significant portion to a ‘Blueprint for the future monetary system’, covering tokenization, CBDCs, smart contracts, and a proposed unified ledger.

Zimbabwe is doubling its bet on the gold-based monetary system by adding more gold coins in circulation and planning digital coins backed by gold.