New York District of Financial Services – DIGIT INFO

Fed, central banks enhance ‘swap lines’ to combat banking crisis

DIGIT — Mon, 20 Mar 2023 02:49:57 +0000

Currency swap lines have been used during times of crisis in the past, such as the 2008 global financial crisis and the 2020 coronavirus pandemic.

DIGIT — Fri, 03 Mar 2023 05:34:39 +0000

As it stands today, BUSD’s market cap has fallen by nearly $14 billion since its all-time high of $23.49 billion on Nov. 15, 2022.