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Tether sold at a slight premium earlier this month even as most stablecoins were dented.

Sushi is seeking to create a legal defense fund that would cover legal fees for core contributors.

The Securities and Exchange Commission (SEC) has issued a subpoena to Sushi DAO and its “head chef,” Jared Grey, as part of the regulator's ongoing efforts to scrutinize the decentralized finance (DeFi) industry and cryptocurrencies. The news was announced in a blog post on the Sushi Forum.

Sushi's Head Chef is raising money for legal defense against another SEC crackdown – but the agency's reasons remain a mystery. 

With a critical decision by the Federal Reserve on the line, investors will want to approach cryptos this week with prudence.

The proposed legal defense fund would cover fees for Sushi's core contributors.

Binance CEO Changpeng “CZ” Zhao highlighted how Tether's USDT has grown amidst the issues plaguing its rivals.

Tether has once again initiated a minting process, resulting in the creation of 1 billion USDT tokens on the TRON network.

Cryptocurrency exchange Binance has replaced its Binance USD (BUSD) holdings in its Secure Asset Fund for Users (SAFU) with TrueUSD (TUSD) and Tether (USDT) in response to Paxos' move to stop minting new BUSD. SAFU is an emergency insurance fund established by Binance to protect users' funds in case of security breaches or other unforeseen events.

Binance will replace BUSD in its Secure Asset Fund with USDT and TUSD.

Binance assured its users that this change will not impact them in any way, and that their funds will continue to be held in publicly verifiable addresses.

Binance will no longer hold BUSD in its Secure Asset Fund for Users (SAFU) and has swapped the stablecoin for ERC-20 TUSD and BEP-20 USDT, according to a March 17 press release.

Binance moved BUSD from its SAFU insurance fund into USDT and TUSD since Paxos cannot mint new BUSD coins.

Despite recent negative developments in the crypto market, the sentiment seemed to be somehow bullish as Tether, its stablecoin and some major cryptos show resilience in the past couple of days. The collapse of major banks has significantly impacted the stablecoin market, with Circle's USDC suffering a depeg causing smart money to flee USDC in favor of other stablecoins.

Definition The total amount of coins held on exchange addresses.

USDC briefly depegged last weekend when Circle announced it had exposure to Silicon Valley Bank. Investors flocked to these alternatives.

CryptoCompare investigates how the USDC behaved after the collapse of the SVB. Despite the short-term liquidity crunch, Cricle's stablecoin maintained positive fund flows.

A “desperate” cryptocurrency investor has paid well over $2 million in an on-chain trade to swap out of an investment offering them exposure to $USDC and the decentralized stablecoin $DAI and into $USDT, but only received $0.05 in return.

The Cardano DJED stablecoin has notably outranked USDT amid current banking woes.

Tether explains what Lugano has done so far to expand Bitcoin and stablecoin adoption as a means of payment. 

Following the storm in the stablecoin sector in recent days, Djed, the stablecoin developed by COTI on Cardano, has gained a premium over the rest of the market and at one point was even trading at $1.08 against the dollar. As a prime example, Djed traded at a premium and continues to do so even to USD from Tether, USDT, the largest stablecoin with a capitalization of $73.5 billion.

With the banking giant's demise, are Circle's stablecoin reserves large enough to fully back USDC?

With a slew of economic data coming out this week, cryptos could go either way, forcing investors to be extremely vigilant.

Tether recently announced plans for a major cross-chain swap that would transfer 1.6 billion USDT from the Tron network to Ethereum.