Zimbabwe Banks to Offer Credit Products with State Digital Currency Backed by Gold
Banks in the South African country will be able to offer credit products using as collateral the newly issued state digital currency, secured by gold, announced the Zimbabwe Bankers Association. The digital money, the local central bank suggests, will eventually be used i ...
Tether Releases Q1 2023 Results, Reports $1.48 Billion Net Income
Tether, the issuer of the first capitalized USDT stabelcoin, released its results for the first quarter of 2023. According to the report, the company's net income was $1.48 billion. The company's total assets reached $81.8 billion. Of these, about $2.44 billion are claime ...