stablecoins | ForkLog

ForkLog 51 10.07.2025

Monad Foundation Acquires Stablecoin Infrastructure Firm

The Monad Foundation has acquired Portal Labs, the company behind the Portal stablecoin infrastructure platform. The acquisition aims to integrate payment solutions into the Monad L1 blockchain. Portal’s CEO and co-founder, Raj Parekh, will join Monad Foundation as the head of transfers and “stablecoins.” Previously, he served as the director of global crypto products at […]

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ForkLog 12 09.07.2025

Ripple’s Stablecoin Capitalisation Surpasses $500 Million

The stablecoin RLUSD, issued by Ripple, has reached a capitalisation of over $500 million in seven months. Daily capitalisation chart of RLUSD. Data: CoinGecko. According to CoinGecko, the asset ranks among the top twenty dollar-pegged coins with a daily trading volume of $36.6 million. Additionally, Ripple has announced a partnership with Bank of New York […]

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ForkLog 17 08.07.2025

Hong Kong Crypto Firms’ Shares Surge Amid Regulatory Optimism

The shares of cryptocurrency companies in Hong Kong have risen, buoyed by investor optimism. Market participants anticipate the launch of a licensing system for stablecoin issuers. Shares of brokerage firm Guotai Junan International increased by 28%, according to Yahoo Finance. The stock of licensed crypto exchange OSL rose by 8%, while the shares of Dmall […]

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ForkLog 70 06.07.2025

Tether Dubbed ‘Money Launderer’s Dream Currency’ by Media

The founders of Tether may have envisioned USDT as a tool for financial inclusion and a gateway to the crypto market, but the stablecoin has ultimately facilitated the movement of funds beyond regulatory oversight, writes The Economist. The arrest of a courier carrying £250,000 by British police in November 2021 exposed a large-scale money laundering […]

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ForkLog 43 04.07.2025

US Lawmakers to Host ‘Crypto Week’

The US House of Representatives announced a ‘Crypto Week’ from July 14 to 18, during which three key digital asset bills will be considered. The initiative was proposed by Speaker Mike Johnson, Chairman of the Financial Services Committee French Hill, and Chairman of the Agriculture Committee Glenn Thompson. This move aims to implement President Donald […]

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ForkLog 32 27.06.2025

Grinex Responds to Financial Times Investigation on A7A5 Ruble Stablecoin

Representatives of the cryptocurrency exchange Grinex have responded to a Financial Times investigation regarding the circumvention of sanctions using the A7A5 ruble stablecoin. According to the publication, approximately $9.3 billion in A7A5 tokens passed through the platform over four months. In comments to ForkLog, the Kyrgyz crypto platform stated that transactions from CIS countries are […]

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ForkLog 28 26.06.2025

BIS Labels Stablecoins as ‘Unreliable Money’

Stablecoins fail to meet three key criteria: “unity,” “elasticity,” and “integrity,” according to a report by the Bank for International Settlements (BIS). The BIS described these assets as “digital bearer instruments,” which resemble financial assets more than money. Unlike central bank money, “stablecoins” are issued by private companies, and their value can fluctuate, violating the […]

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ForkLog 18 26.06.2025

Buterin-Backed Project Introduces Private Stablecoin Payments

The Privacy Pools project, focused on on-chain privacy, has added support for stablecoins USDT, USDC, and DAI. This will enable the use of these assets for private payments. ? Stablecoin privacy is almost here ? Privacy Pools is adding support for $USDT, $USDC, and $DAI — bringing stablecoin privacy to Ethereum. More assets. More privacy. […]

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ForkLog 41 25.06.2025

Fed Chair Backs Stablecoin Regulation in the US

Federal Reserve Chair Jerome Powell has expressed support for cryptocurrency bills currently under consideration by Congress. He stated that the country requires a regulatory framework for stablecoins. JUST IN: #Fed Chair #Powell says it’s “a great thing” that #stablecoin bills are moving forward. Adds: “We need a stablecoin framework.” https://t.co/knxhr4OVlm pic.twitter.com/hLsPKF28VJ — Roundtable Network (@RTB_io) […]

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ForkLog 16 25.06.2025

Flashnet to Introduce Bitcoin-Backed Stablecoin USDB

The decentralized exchange Flashnet has announced the launch of USDB, a native stablecoin based on the first cryptocurrency, pegged to the US dollar. BREAKING: Flashnet to launch first fully regulated Bitcoin stablecoin USDB. Issued by @brale_xyz, coming soon to @MEonBTC. The dollar is home on Bitcoin. pic.twitter.com/rD0xMz3rv7 — Flashnet (@flashnet) June 24, 2025 The asset […]

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ForkLog 147 24.06.2025

Turkey Imposes Limits on Stablecoin Transfers and Withdrawal Delays

Turkey’s Ministry of Finance has drafted stringent regulations for cryptocurrency transactions to combat money laundering and financial crimes, as reported by local media. Crypto platforms will be required to collect detailed information on the origin and purpose of each transfer. Users must provide a transaction description of at least 20 characters for each operation. In […]

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ForkLog 27 24.06.2025

Circle’s Market Capitalisation Surpasses USDC’s Valuation

As of the trading session on June 23, Circle’s market capitalisation rose to $63.9 billion, surpassing the market supply of its flagship product, the USDC stablecoin. The company’s shares gained approximately 10% in a day. The stock price peaked at $298 but closed at $263.5. Source: Yahoo Finance. On June 5, Circle went public. During […]

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