stablecoins | ForkLog

ForkLog 49 05.06.2025

Media: USDC stablecoin issuer valued at $6.9bn after IPO

Circle raised $1.1 billion — almost twice what it had planned. The USDC issuer’s common-stock offering on the NYSE was 25 times oversubscribed, пишет Bloomberg, citing people familiar with the matter. June 5, 2025 | 17:57Update: On June 5, Circle listed its shares on the NYSE. Trading is under the ticker CRCL. I am incredibly […]

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ForkLog 63 04.06.2025

World Liberty Financial Distributes USD1 Stablecoin in Airdrop

The DeFi project backed by the Trump family, World Liberty Financial (WLF), has distributed USD1 stablecoins to holders of its native token WLFI. This is indicated by data from analytics platforms Lookonchain and MistTrack. Looks like Trump’s World Liberty (@worldlibertyfi) is airdropping 47 $USD1 to every wallet that participated in the $WLFI sale.https://t.co/kbyhK9usHQ pic.twitter.com/YT8Y7IpfpU — […]

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ForkLog 82 03.06.2025

Paradigm Proposes Stablecoin-Focused AMM for DEX

The AMM developed by Paradigm, named Orbitals, enables large liquidity pools to adjust their risk exposure for a “significant improvement” in capital efficiency. According to experts, this outcome was achieved by taking concentrated liquidity to “other dimensions.” Unlike existing decentralized trading solutions such as Uniswap V3 with two assets, and Curve, which supports multi-token pools […]

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ForkLog 113 03.06.2025

Tether Launches TON Version of Gold-Backed Stablecoin XAUT

Tether announced the launch of XAUt0, an omnichain version of its gold-backed stablecoin XAUT. The initial deployment of the asset will occur on The Open Network in collaboration with the TON Foundation. XAUt0 enhances Tether Gold’s capabilities by enabling the token to move across different blockchains. The technology is based on LayerZero’s OFT standard, ensuring […]

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ForkLog 67 02.06.2025

Stablecoin Market Capitalisation Surpasses $250 Billion

The total market capitalisation of stablecoins has exceeded $250 billion for the first time. Of this amount, $245.5 billion is attributed to “stable coins” backed by the US dollar. Data: CoinGecko. Leading the pack is Tether’s USDT with a capitalisation exceeding $153 billion, followed by Circle’s USDC at $60.9 billion. Hank Huang, CEO of Kronos […]

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ForkLog 56 30.05.2025

Euler User Loses $500,000 Due to Temporary deUSD Spike on Avalanche

A trader on the DeFi platform Euler lost over $500,000 following a three-minute spike in deUSD on the Avalanche network to $1.028. The abrupt change was triggered by a $210,000 MEV bot transaction in the deUSD/USDT pool on the Curve platform in Ethereum. $500K gone in 180 seconds. Chainlink just proved oracles are one of […]

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ForkLog 53 29.05.2025

Tether-Backed Firms Launch MiCA-Compliant Stablecoins in Europe

Two Tether-supported companies, StablR and Oobit, have introduced MiCA-compliant stablecoins in Europe. Stablecoins are transforming payments, and we’re taking them a step further as part of our collaboration with @StablREuro. By integrating MiCA-compliant and @Tether_to— backed@StablREuro and @StablRUSD, we’re enabling seamless and secure crypto payments. Plus, earn 5%… pic.twitter.com/3ZzDqw6G2E — Oobit (@oobit) May 27, 2025 […]

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ForkLog 28 28.05.2025

US Considers Bitcoin Acquisition Without Budget Impact

The United States might bolster its Bitcoin reserves with backing from the White House and approval from relevant agencies. This was revealed by Donald Trump’s special advisor on AI and cryptocurrencies, David Sacks, at the Bitcoin 2025 conference. White House crypto czar David Sacks hints the U.S. could start buying #Bitcoin soon.pic.twitter.com/GQ79b4oCpG — TFTC (@TFTC21) […]

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ForkLog 30 25.05.2025

Tether Prioritizes Markets Outside the US

Tether will continue to focus on markets outside the United States, despite Congress’s consideration of bills to integrate stablecoins into the financial system. This was stated by the company’s CEO, Paolo Ardoino, on Bloomberg TV. On May 20, the Senate approved the so-called GENIUS Act. The House Financial Services Committee has approved its own bill […]

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ForkLog 45 23.05.2025

US Banks to Launch Stablecoin Consortium, Reports WSJ

Major US banks are in discussions to jointly issue a “stablecoin,” according to WSJ. The initiative aims to counter the growing influence of the crypto industry, sources told the publication. Participants in the talks include Early Warning Services (operator of the Zelle payment system) and The Clearing House (a network for instant transfers), owned by […]

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ForkLog 23 22.05.2025

David Sacks Predicts Surge in Demand for US Treasuries Following GENIUS Act Adoption

The adoption of the GENIUS Act concerning stablecoins will boost demand for US Treasuries “by trillions of dollars,” according to David Sacks, special advisor to Donald Trump on AI and cryptocurrencies, in an interview with CNBC. The bill will require issuers of “stable coins” to fully back the issuance of assets with government bonds or […]

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ForkLog 27 20.05.2025

Implications of the US Stablecoin Legislation: Expert Opinions

On May 19, the US Senate approved the cessation of debates on the GENIUS Act, a bill introducing a new regulatory framework for the stablecoin market. ForkLog gathered expert opinions on the matter. Alexey Zyuzin, CEO of Crypto Summit, believes that “the US is demonstrating its ambition to lead the industry and establish the dollar […]

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