Armed with a $1 billion war chest, Binance's Changpeng Zhao has indicated that the exchange is looking to acquire a bank.
Binance held customer funds and token collateral in the same cold wallet. The exchange claimed that the mixing was by mistake and is working on correcting it.
Tether reportedly used Signature Bank to gain access to the U.S. banking system. The USDT issuer directed payments to its Bahamas-based banking partner using Signature's Signet platform.
MakerDAO has purchased a second batch of U.S. Treasury Bonds worth a whopping $700 million. The purchase of part of the DeFi lending protocol's attempts to diversify the assets backing its DAI stablecoin.
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