On this day: 12 March

  1. StablecoinDai: Ether's crash under-collateralised Dai. One bidder won about 62,843 ether for almost no Dai in auctions; estimates of the shortfall differ.
  2. StablecoinUSDC: Fell to about 86 cents during the weekend after Silicon Valley Bank failed.
  3. Stablecoins Ordinance (Hong Kong)HKMA launches the stablecoin issuer sandbox
  4. HyperliquidETH whale liquidation costs HLP about US$4M
  5. OptimismOP Labs lays off 20 staff