What a well timed coincidence with the FTX implosion:
The Federal Reserve of New York and a group of private banking firms launched a 12-week digital dollar pilot project.
The project is titled the regulated liability network, and it will conduct a test on usage of digital dollar tokens by banks.
The stablecoin market has stabilized once again, Fitch Ratings announced return of confidence to larger coins like Tether (USDT).
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