On March 14, the completion of the first pilot transaction using a stablecoin issued by the bank was announced on the official website of The National Australia Bank (not to be confused with the Reserve Bank of Australia).
With the Swiss National Bank seeing no immediate need to develop its own retail CBDC, the Swiss Bankers Association has come up with an alternative blockchain-based stablecoin for use in digital asset transactions and DLT ecosystems.
With the Swiss National Bank seeing no immediate need to develop its own retail CBDC, the Swiss Bankers Association has come up with an alternative blockchain-based stablecoin for use in digital asset transactions and DLT ecosystems.
On March 14, the completion of the first pilot transaction using a stablecoin issued by the bank was announced on the official website of The National Australia Bank (not to be confused with the Reserve Bank of Australia).
USDC depeged from USD after US Silicon Valley Bank collapsed. Exchanges paused their conversion as users rushed into other assets. Now the stablecoin has got back to 1:1 ration, but what’s done is done…
The Wall Street Journal accuses Tether of shady transactions and forgery of documents, referring to emails made available to journalists. Tether refutes the information.
The collapse of Silicon Valley Bank (SVB) affected, among others, the USDC’s reserves and this “blue-chip” stablecoin has lost its peg to the dollar. Ironically, the only decentralized unicorn stablecoin project, MakerDAO is now in trouble due to its “reinforcing” USDC-backed component.
