Golden Finance reports that global payment infrastructure company MobileCoin has appointed Sara Drakeley as CEO. MobileCoin is best known for its work with encrypted messaging app Signal, and Drakeley said one of her focuses for MobileCoin (MOB) is "solving real problems for real people." She specifically stated that she wants MobileCoin to focus on cross-border payments because people sending “money should be as easy as sending Signal messages.” The company also plans to expand into Latin America and Africa. Last October, MobileCoin partnered with Reserve to launch its own stablecoin, Electronic Dollars (eUSD), with eUSD “always backed by a basket of fully collateralized stablecoins.”

Jinse Finance reported that the stablecoin protocol Reserve tweeted that eusdRSR and RSR have returned to 1:1 anchoring. This marks a major milestone for Reserve, where the resilience of RSR stakers helps the stablecoin self-adjust. The team explained that eUSD was launched on February 23, USDC was depegged on March 11, eUSD autonomously switched to alternate USDT collateral, USDC/DAI collateral was sold, and RSR pledged on eUSD was seized to cover the collateral As the seized RSR was sold as various USDT-based collateral, eUSD was quickly rehypothecated and has remained stable at $1 without requiring a government bailout or triggering an insurance policy.