Due to Middle East tensions, Turkey's foreign exchange reserves have declined rapidly, with the central bank having deployed approximately $30 billion in market interventions. Analysts worry it may be forced to sell gold reserves to maintain liquidity. Rising international oil prices have exacerbated current account deficits and inflation pressures, leaving Turkey facing risks of currency depreciation and rate hikes.

Gate News, On March 25th, UK challenger bank (emerging digital bank) Monument Bank plans to tokenize up to £250 million (approximately $335 million) in retail customer deposits on the Midnight public blockchain network, becoming the UK's first regulated bank to implement this initiative on a public blockchain. The relevant deposits will continue to accrue interest, be fully backed, and be protected by the UK Financial Services Compensation Scheme.

Due to deteriorating Middle East tensions, Turkey's foreign exchange reserves are declining rapidly, triggering market concerns about exchange rate stability. The central bank has deployed $30 billion to support the lira and may replenish liquidity through gold reserve sales. Rising international oil prices have exacerbated inflation and trade deficits, leaving Turkey facing pressure for currency depreciation and interest rate increases.

Gate News report: On March 25, according to Bloomberg, Morgan Stanley, which manages $10 trillion in assets, will become the first major U.S. bank to issue and sponsor a Bitcoin ETF.

Gate News bot message. According to Gate official announcement dated March 26, 2026: Gate will launch USAT spot trading on March 26, 2026 at 17:00 (UTC+8), with the trading pair USAT/USDT. USAT is a stablecoin pegged 1:1 to the US dollar, backed by full reserve of short-term US Treasury securities, issued through a collaboration between the project and a digital asset bank regulated by the US Federal Reserve. USAT is issued on Ethereum, adopting the ERC-20 token standard, and is positioned as a stablecoin framework product compliant with the GENIUS Act requirements, aiming to achieve compliant institutional-grade on-chain settlement. The stablecoin is designed as a principal-protected digital cash equivalent for exchanges and institutions, and does not distribute returns to token holders. Gate is expected to enable USAT withdrawals on March 27, 2026 at 17:00 (UTC+8).

The Assistant Governor of the Reserve Bank of Australia, Brad Jones, stated that asset tokenization has become a matter of how to implement it, with an estimated annual efficiency boost of approximately $16.7 billion for the economy. The RBA will establish a digital financial market infrastructure sandbox and expand the tokenization working group to promote interoperability across institutions.

Assistant Assistant Governor Brad Jones of the Reserve Bank of Australia stated that the central bank will monitor the implementation of tokenization, emphasizing the complementary nature of stablecoins and bank deposit tokens in the market. Tokenization technology is expected to enhance efficiency for the Australian economy by approximately 24 billion Australian dollars annually. To address market challenges, the central bank will collaborate with regulators and industry participants to establish testing environments and advisory groups.

Hong Kong's Secretary for Financial Services and the Treasury, Paul Chan, stated that the number of digital yuan wallets is growing steadily, with a cumulative total of approximately 80,000. The People's Bank of China and the Hong Kong Monetary Authority are exploring wallet upgrades to enhance usage limits and user experience. Additionally, stablecoins and central bank digital currencies have multiple payment application potential under compliance frameworks.

Deutsche Bank report analyzes the current state of the petrodollar system, pointing out that it faced pressure before the war. Factors such as U.S. energy independence, the trend of oil currency localization, and shaken trust in the Gulf region pose challenges to the system, resulting in increased Middle Eastern oil flows to Asia and more non-dollar transactions.

Goldman Sachs analysis indicates that recent gold price declines are driven by interest rate expectations and market volatility, which the firm believes aligns with historical trends. The bank projects gold will reach $5,400 per ounce by year-end, supported by central bank gold purchases driven by asset diversification needs.