stablecoins | ForkLog

ForkLog 45 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 48 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 28 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 71 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 30 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 213 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 42 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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ForkLog 30 24.06.2025

South Korea Proposes Replacing Dollar with Stablecoins

South Korea’s new administration plans to permit the issuance of stablecoins pegged to the national currency. This move aims to bolster the country’s independence from foreign assets, reports The Block. Min Byung-duk, a lawmaker responsible for digital assets in President Lee Jae-myung’s campaign team, has already proposed a bill for licensing stablecoin issuers. According to […]

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ForkLog 14 20.06.2025

South Korea Considers Approval of Spot Crypto ETFs

South Korean authorities have unveiled a roadmap for the approval of spot cryptocurrency ETFs, according to local media. Following these reports, the Financial Services Commission (FSC) clarified that details are yet to be finalized. According to media sources, the FSC has sent a document to the Presidential Policy Planning Committee. Measures for launching crypto ETFs […]

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ForkLog 74 19.06.2025

Elastos Launches Bitcoin-Backed Stablecoin

BTCFi project Elastos has introduced BTCD, a stablecoin backed by the leading cryptocurrency.

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ForkLog 53 18.06.2025

Analysts Estimate 99% of Stablecoin Transactions as Legitimate

Over 99% of stablecoin transactions in 2024 were legitimate, according to a blog by TRM Labs. Despite their predominantly legal use, stablecoins accounted for 60% of illegal transaction volume in the first quarter of 2025. Experts noted their use in money laundering, terrorism financing, and fraud. TRM Labs highlighted the GENIUS Act, a bill passed […]

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ForkLog 63 18.06.2025

Experts warn of a stablecoin bubble

The successful flotation of Circle will mark the start of a “stablecoin mania”, but most new issuers will fail, said former BitMEX CEO Arthur Hayes. IPO under the ticker CRCL took place on June 5. Investors valued the company at $6.9 billion. On the first day of trading, the shares rose 168% — from $31 […]

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