Reacting to the sudden collapse of the most crypto-friendly US banks, Binance CEO and co-founder Changpeng (CZ) Zhao reconsidered the firm’s recovery funds, aiming to change them into native crypto
Crypto exchange Bybit has launched the first phase of the rollout of Mastercard crypto-to-fiat debit card, which supports a number of blue-chip cryptocurrencies
Mastercard partnered Web3 payment protocol Immersve to enable users to conduct Web3 crypto payments via USDC token settlements
Institutional investors are massively withdrawing crypto funds as the SEC targets more and more aspects of the crypto industry in the US, making it harder for crypto trading platforms to provide custody, minting and staking services
The company’s complaints to the New York regulator were followed by Paxos being ordered to cease minting Binance BUSD stablecoin.
PayPal temporarily stops the implementation of the stablecoin project.
Binance opens deposits and withdrawals for Binance-pegged BUSD on the Optimism Network.
ADA-backed stablecoin ‘Djed’ launched on Cardano blockchain.
Thousands of crypto ATMs in the United Kingdom now allow customers to withdraw cash for GBPT, a stablecoin backed by British pound
Moody’s is developing a system for evaluating up to 20 stablecoins.
Saudi Central Bank continues CBDC experimentations, currently focusing on domestic wholesale of CBDC in collaboration with local banks and fintechs.
Binance’s SWIFT partner, Signature Bank, has set a minimum transaction limit of $100,000.
A Universal Digital Payment Network (UDPN) for stablecoins and Central Bank Digital Currencies (CBDC) was launched at the World Economic Forum (WEF) in Davos.
BNB Chain has burned over $500 million worth of its native BNB tokens during its 22nd scheduled burn, the first quarterly burn of 2023.
According to Coin Metrics, Tether (USDT) handled $18.2 trillion in transactions in 2022, far surpassing established payment processors Visa and Mastercard, who processed $14.1 trillion and $7.7 trillion, respectively.
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