MakerDAO Reduces USDC Collateral
On March 13, MakerDAO’s DAO protocol experienced an all-time high, with nearly 4.4 billion USD Coin (USDC) locked in PSM mechanisms.
Fed Chairman Believes Agency Should Regulate Stablecoins
Federal Reserve Chairman Jerome Powell expressed support for a strong federal role in regulating the stablecoin sector on Wednesday.
Bank of Australia: Stablecoins Have Potential to Take More Prominent Position in Financial System
The draft law of the Reserve Bank of Australia (RBA) on the regulation of crypto exchanges, custodial services and the issuance of “stablecoins” largely speaks to the potential that stablecoins have in taking a more prominent role in the financial system.
USDT Issuer Tether Will Allocate Up to 15% of its Profits into Bitcoin
Tether has announced that it will invest up to 15% of its profits into Bitcoin.
