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The People's Bank of China today reiterated in its financial education campaign that virtual currencies such as Bitcoin, Ethereum, and Tether do not have legal tender status and cannot be used for currency circulation; conducting virtual currency-related businesses within the country is considered illegal financial activity and is strictly prohibited.The People's Bank of China stated that without the consent of relevant authorities, domestic entities and their controlled overseas entities are not allowed to issue virtual currencies abroad, and no units or individuals, whether domestic or foreign, are permitted to issue stablecoins pegged to the Renminbi abroad. The People's Bank reminds the public not to participate in virtual currency issuance, trading, investment, or mining activities, to be wary of high-yield investment scams, and to avoid renting out bank cards, payment accounts, or participating in virtual currencies.In addition, the People's Bank advises caution against virtual currency investment products and trading platforms that claim "guaranteed profits" or "high interest"; not to participate in virtual currency issuance, trading, investment, or "mining" activities; not to join communities promoting virtual currency activities, not to click on links containing overseas virtual currency trading platforms, or download related apps; not to lend or rent out bank cards or payment accounts, not to buy or sell virtual currencies "on behalf of others" as instructed, and not to act as "drivers," "currency dealers," or "U merchants"; and to report any clues related to virtual currency business activities to the relevant regulatory authorities in a timely manner.

Uzbekistan has launched a pilot project to test government securities-backed som-pegged stablecoin payments. The National Project Agency (NAPP) announced on Monday that it has registered Humo Digital as a special mechanism participant under joint regulation with the central bank. This pilot will test the issuance, circulation, and redemption of HUMO tokens, with each token pegged to 1 Uzbek som. According to NAPP, over 20 merchants are already prepared to accept HUMO payments, and the project will also integrate payment processing and blockchain infrastructure from participating banks, with licensed cryptocurrency exchange Asterium as a project partner. The Central Bank of Uzbekistan stated that the initial trial will last for 12 months, with a total project duration capped at 3 years. Regulators will assess the adequacy and security of the token collateral, cybersecurity, consumer protection, anti-money laundering controls, and financial and price stability risks. This pilot follows the framework approved in November 2025, when Uzbekistan indicated plans to allow stablecoin payment experiments under a sandbox mechanism while providing relevant terms for tokenized stocks and bonds.

Abracadabra Finance announced that it has recognized the depegging issue of the MIM stablecoin and is taking emergency measures. Starting today, it will gradually increase the interest rates of all Cauldrons (including deprecated markets) to encourage debt repayment and reduce the circulating supply of MIM. The current depegging provides borrowers with a natural incentive to repay their debts at a discount, which helps accelerate supply contraction. Direct incentives and Curve bribes will be suspended until MIM regains its peg. The team stated that it is evaluating additional recovery plans and will announce them in a timely manner.Data shows that MIM is currently priced at $0.5027, with a 24-hour decline of 36.65%.

According to official news, bStocks has officially launched on BNB Chain. This product is launched by Binance, pegged 1:1 to US securities, supports 24/7 trading, zero fees, and can settle on BNB Chain within 1 second.

According to monitoring by Blockaid, the algorithmic stablecoin MIM has experienced a de-pegging situation on Arbitrum. The current trading price of MIM in the executable path is approximately $0.91 to $0.92, which is due to insufficient or imbalanced liquidity in the Arbitrum liquidity pool.According to on-chain data, the current quotes for MIM across multiple chains are approximately $0.871---$0.874, with a 24-hour decline of about 11%.

The stablecoin apxUSD, issued by the Apyx protocol and primarily collateralized by Strategy preferred stock STRC, briefly depegged during the time Bitcoin fell below $63,000, dropping to a low of $0.93. Apyx stated that this fluctuation was not a vulnerability but rather an expected performance of the preferred stock collateralized stablecoin. Since the reserve assets of apxUSD are mainly composed of STRC preferred stock with a face value of $100, when STRC falls below its face value in the secondary market, the market value of the reserve assets will decrease, leading to price fluctuations in the stablecoin.The protocol claims that its stability mechanism includes over-collateralization, a dividend adjustment mechanism, and cash and short-term U.S. Treasury reserves as a buffer. Data shows that since last August, STRC has fallen below its face value four times, but has ultimately returned to $100 each time. In response to market concerns about a chain liquidation in the Morpho lending market, Apyx stated that its core apyUSD/apxUSD market primarily relies on the accumulation of dividend income rather than the spot price of STRC, so related fluctuations will not trigger large-scale liquidations.

According to monitoring by Paidun, the stablecoin apxUSD, supported by preferred shares such as STRC, has fallen to about $0.94, a decrease of 4.6%. As Bitcoin drops to around $63,000, the decrease in collateral value has caused the stablecoin to depeg.

The stablecoin issuer StablR has encountered ongoing attacks, leading to its euro stablecoin EURR and dollar stablecoin USDR becoming unpegged. Blockchain security company Blockaid stated that the attackers allegedly gained control by obtaining the private key of one owner in the minting multi-signature account, replacing other administrators under a mechanism that only required 1/3 of the signatures, and additionally minted 8.35 million USDR and 4.5 million EURR. Subsequently, the attackers exchanged tokens worth approximately $10.4 million on a DEX for about 1,115 ETH, realizing a profit of approximately $2.8 million. As a result of the incident, EURR briefly fell to around $0.88, and USDR dropped to around $0.7. Blockaid pointed out that this incident was not due to a smart contract vulnerability, but rather a failure in key management and governance mechanisms.

The Israeli Capital Market Authority has approved Bits of Gold to issue the country's first stablecoin pegged to the shekel, BILS. This token is a regulated asset launched by Bits of Gold on the Solana network, with the support of Fireblocks and Ernst & Young, after a two-year evaluation and pilot program.Bits of Gold stated that bringing the shekel on-chain aims to position it alongside currencies like the euro, yen, and Singapore dollar, which have already entered the blockchain financial system. Currently, the stablecoin market has surpassed $300 billion, and this issuance aims to address the dominance of dollar-pegged tokens in on-chain payments and maintain digital sovereignty.

According to Cointelegraph, the Israeli Capital Market, Insurance and Savings Authority has approved the virtual asset trading platform Bits of Gold to launch a stablecoin BILS pegged to the Israeli shekel.This stablecoin has previously completed a 2-year pilot on the Solana blockchain. According to the announcement, the reserve assets of BILS will be held in designated independent accounts within Israel. The project is also part of the regulatory framework for the cryptocurrency industry promoted by the Israeli Tax Authority and the Ministry of Finance, covering specific stablecoin activities.

ChainCatcher reported live that HashKey Capital CEO Deng Chao and Sharplink CEO Joseph Chalom jointly attended the 2026 Hong Kong Web3 Carnival roundtable discussion, exploring "From Finance to Strategy: How Public Companies Are Positioning Themselves Based on Digital Assets."Chalom, who worked at BlackRock for 20 years, began leading BlackRock's blockchain and digital assets team six years ago, during which he launched Bitcoin and Ethereum ETFs, raising about $100 billion at its peak. He stated that the choice to establish a digital asset treasury with Ethereum rather than Bitcoin is because Ethereum is a "native productive asset," which can earn nearly 3% returns through staking, while Bitcoin can only be held in anticipation of appreciation. Sharplink has been listed on Nasdaq and has raised billions of dollars to purchase Ethereum since launching its digital asset treasury strategy last June, currently holding approximately 770,000 ETH and earning about 17,000 ETH and over $35 million in rewards for investors through staking.Regarding industry trends, he pointed out that Ethereum is dominating three major use cases: stablecoins (over 60% occur on Ethereum), asset tokenization, and decentralized finance. He specifically warned that currently over 95% of stablecoins are denominated in US dollars, and if stablecoins are to become the payment rail for trillions of transactions in the AI economy, Asian regulators should not allow them to be dominated by the US dollar and US Treasury bonds, as this will trigger a geopolitical competition to advance local stablecoin legislation.Discussing market cycles, he noted that the crypto market has experienced significant pullbacks since last October, with short-term prices being unpredictable, but in the long term, the current risk-reward ratio is at its best level in a long time. He emphasized that digital asset treasuries are not passive investments; Ethereum is a high-volatility asset, and volatility is a characteristic of capital appreciation rather than a defect.

According to official news, from April 1 to April 7, the TRON ecosystem will launch an Easter egg treasure hunt event, with a total prize pool of up to 1,000 USDT. Participants need to find 5 hidden keywords on the official X platform account pages of AINFT, JUST, WinkLink, and BitTorrent, submit the complete answers in the comments section of the event tweet, and @ their favorite TRON ecosystem project and 3 friends, while also adding the topic #TRONEasterFun to participate in winning rewards. The moment to test insight and speed has arrived, and we sincerely invite users from the global community to join this fun and challenging on-chain adventure.

Coingecko data shows that the stablecoin USR has now depegged by 93.72%, currently reported at 0.053 USDT.

According to CoinDesk, German electronic currency institution AllUnity has announced the launch of the Swiss franc-pegged stablecoin CHFAU on the Ethereum blockchain. The token is backed by Swiss franc reserves at a 1:1 ratio and is intended for institutional payments, settlements, and treasury operations.CHFAU is regulated by the Federal Financial Supervisory Authority of Germany (BaFin) and plans to expand to other networks later this year. AllUnity is a joint venture of DWS, Galaxy, and Flow Traders.

Members of the Governing Council of the European Central Bank and President of the Deutsche Bundesbank, Joachim Nagel, stated in a speech at the American Chamber of Commerce in Germany that the introduction of euro-denominated stablecoins could provide low-cost cross-border payment services for individuals and businesses, while addressing the dollarization risks posed by dollar stablecoins.Joachim Nagel pointed out that if domestic currencies are replaced by dollar stablecoins, it would be equivalent to the dollarization of the relevant economies, which could severely undermine the effectiveness of domestic monetary policy and European sovereignty. Currently, the European Central Bank is assessing the possibility of using distributed ledger technology for non-central bank currencies, including tokenized deposits and euro stablecoins, and plans to launch a digital euro by 2029. In addition, the European Central Bank is also developing a wholesale CBDC to allow participants in financial markets to execute programmable transactions.

According to CoinDesk, the blockchain network Flare has enabled lending functionality for its on-chain asset FXRP, which is pegged to XRP, through integration with the cross-chain lending protocol Morpho.This update aims to provide XRP holders with more decentralized finance options, allowing them to earn interest by depositing FXRP or use FXRP as collateral to borrow stablecoins and other assets. This feature is currently accessible through the standalone Mystic application, initially offering lending pools supported by FXRP, Flare's native token FLR, and the stablecoin USDT. Morpho's market design isolates each pair of lending assets to limit risk transmission.

According to Coingecko data, Curve's stablecoin crvUSD has experienced a slight de-pegging, dropping to a low of 0.9858 USD today, currently reported at 0.9928 USD.

According to market information, the stablecoin USDf under Falcon Finance has experienced a slight de-pegging, with a lowest quote of 0.9871 USD and a current quote of 0.9896 USD.According to the project's official website, USDf currently has a circulating market cap of 2.06 billion USD, with supported asset value of 2.43 billion USD.

Layer-1 blockchain protocol Saga has urgently paused its Ethereum-compatible Saga EVM chainlet after experiencing an attack that resulted in a loss of approximately $7 million. The attack led to unauthorized funds being cross-chain transferred and exchanged for ETH, causing its dollar-pegged stablecoin, Saga Dollar, to de-peg, with the price dropping to as low as $0.75. The Saga team stated that the chain was paused at block height 6,593,800.Preliminary investigations indicate that the incident involved a series of contract deployments, cross-chain operations, and liquidity withdrawals, but there was no consensus failure, validator compromise, or private key leakage; the overall structure of the Saga mainnet remains secure. The impact was not limited to Saga Dollar; its stablecoins Colt and Mustang were also affected. The team has identified the addresses involved in the attack and is working with exchanges and cross-chain bridges to blacklist these addresses. The chain will remain paused until a complete security audit and post-mortem analysis are published.On-chain data shows that Saga's TVL plummeted from approximately $37 million to $16 million within 24 hours, a decrease of about 55%. Some security researchers speculate that the attack may be related to the "infinite minting" of stablecoins using cross-chain mechanisms, while others believe that the possibility of private key leakage cannot be ruled out, but the officials have not yet confirmed the specific attack vector.