ChainCatcher news, Usual stated on social media that at 5 PM Beijing time yesterday afternoon, the Usual protocol experienced a large-scale USD0 sell-off triggered by a whale trading in the secondary market. This event raised questions about USD0's ability to maintain its peg to 1 dollar. USD0 briefly dropped to 0.99 dollars, then returned to the 1 dollar peg within seconds, although there was an initial deviation of several basis points (bps) due to the ongoing sell-off, it fully restored its peg after a few hours.USD0 can always be redeemed at a 1:1 ratio for its underlying collateral, ensuring the solvency of the Usual protocol. Currently, all USD0 can be redeemed on a T+0 basis and is supported by highly liquid short-term money market instruments.The peg has been restored to normal. This incident was the first significant stress test of USD0's pegging ability, with the redemption volume exceeding the entire TVL (Total Value Locked) of GHO within a few hours, yet the protocol continued to operate as usual. We will continue to optimize processes and improve efficiency, while many exciting updates are on the way.

According to ChainCatcher news and the official announcement, Binance will launch the new euro stablecoin Anchored Coins EUR (AEUR) on December 4, 2023, at 18:00 (UTC+8), and open spot trading pairs. To celebrate the launch of AEUR, Binance will introduce two zero-fee promotions for AEUR trading pairs.AEUR Listing DetailsSpot trading pairs: AEUR/USDT, BTC/AEUR, ETH/AEUR, EUR/AEUR;EUR is the fiat currency code, not the digital currency code;AEUR deposit channel is now open;AEUR withdrawals are expected to open on December 5, 2023, at 18:00 (UTC+8);The listing fee for AEUR is 0 BNB.

ChainCatcher news, the Web3 trend platform XCart.io held its first offline salon meeting on April 1 at the Shanghai K11 Meta Street Market flagship store, showcasing its inaugural BTC shoes. The exhibition covers a total area of 411 square meters, featuring artworks that can be touched in real-time.The XCart host stated that attendees can experience new digital artworks on-site while having close communication with many community partners. In the future, XCart will launch more offline salon activities. (source link)

Chain Catcher News, at the 2022 WAIC Metaverse Sub-Forum held by Baidu today, Zhang Ping, an academician of the Chinese Academy of Engineering, stated that establishing an on-chain payment system anchored by the digital renminbi is key to achieving China's political security, economic security, cultural security, and cybersecurity. Our country should vigorously develop the concept of "permissioned web3.0" with Chinese characteristics.The People's Bank of China can issue the renminbi stablecoin CNYC on a self-developed blockchain, allowing the digital renminbi DCEP to circulate on-chain, supporting a self-controllable "permissioned web3.0" industry. (Source link)