South Korea’s banking industry is actively strengthening cooperation with cryptocurrency exchanges to deal with constrained loan growth and to seek new profit opportunities. Several banks have established partnerships with exchanges, despite historical incidents involving mistaken Bitcoin airdrops. Regulators plan to expand their regulatory authority, which could intensify competition among banks.

Cardano's ecosystem has made progress, with Midnight reaching an agreement with the UK bank Monument to tokenize £250 million in deposits on-chain. This marks a new step in the integration of traditional finance and blockchain, while also promoting the development of tokenized assets. However, Cardano still faces challenges in the DeFi space, and the ecosystem's activity level needs to be improved.

U.S. Treasury Secretary Scott Bessent criticized the Financial Times report about his support for a accountability mechanism similar to that of the Bank of England, calling it "a complete fabrication." He emphasized that he had not proposed any related plans and expressed disdain for the Bank of England's communication mechanism. This incident reflects the sensitivity of the U.S. regarding the independence of its monetary policy, and it could impact the cryptocurrency market.

Research from the European Central Bank shows that governance power in DeFi protocols is highly concentrated, with the top 100 token holders controlling over 80% of the token supply, and the top 5 addresses of Aave and Uniswap holding nearly 50%. A large number of governance tokens are held by protocols and exchanges, and the anonymity of identities challenges claims of decentralization, impacting regulatory compliance.

Gate News bot message, according to the official announcement from Gate on March 27, 2026 Gate Yu Bi Bao has now launched USAT fixed-term wealth management products. This product offers three lock-up periods: 7 days, 14 days, and 30 days, with an annualized yield of up to 15% and a minimum investment amount of 1.5 USAT. The activity period is from March 27, 2026, 16:00 to April 27, 2026, 16:00 (UTC+8). USAT is issued in cooperation with a digital asset bank regulated by the U.S. federal government, positioned as a stablecoin framework product that meets the requirements of the GENIUS Act. This stablecoin is issued on the Ethereum network, utilizing the ERC-20 token standard, and is designed to serve as a principal-protected digital cash equivalent for exchanges and institutions. Interest will be paid out in the form of USAT.

Maxine Waters, Chair of the U.S. House Financial Services Committee, sent a letter to the Federal Reserve Bank of Kansas City’s president, asking for a detailed explanation of the approval process for Payward Financial—an “account with limited purpose”—opened for cryptocurrency exchanges, and focusing on the scope of the relevant services, risk management requirements, and regulatory review, while expressing concerns about the account’s policies and consumer protection issues.

Zhou Xiaochuan emphasized at the Boao Forum for Asia that a good payment system needs to adapt to various technologies and regulations, especially in the areas of anti-money laundering and anti-fraud. He pointed out that while digital currencies have applications, they also bring risks of online fraud, calling for cautious treatment of stablecoins and crypto technology to enhance compliance.

Zhou Xiaochuan emphasized at the Boao Forum that the key to payment systems lies in adaptability, rather than a single technology. He pointed out that while digital currencies are used by central banks, they also contribute to online fraud, and the ability to combat fraud urgently needs improvement. He mentioned that stablecoins bypass compliance issues and called for in-depth consideration rather than blindly following trends.

BlockBeats News, March 27 — According to CoinDesk, Federal Reserve legal official Brett Guynn stated that there are currently no ongoing plans to develop a central bank digital currency (CBDC).

Gate News reports that on March 27, Federal Reserve legal officer Brett Guynn stated that there are currently no ongoing plans to develop a central bank digital currency (CBDC).