stablecoins | ForkLog

ForkLog 66 07.05.2025

Visa Invests in London-Based Payment Startup BVNK

Visa has invested in the British startup BVNK, which is developing infrastructure for stablecoin transactions. This was announced by BVNK’s CEO, Jesse Hemson-Struthers. The startup processes $12 billion in stablecoin transactions annually. The platform has opened offices in New York and San Francisco. Previously, BVNK applied for licenses in all U.S. states, receiving approval in […]

AI translated

ForkLog 41 07.05.2025

World Liberty Financial Initiates USD1 Airdrop Vote

The DeFi project linked to the Trump family, World Liberty Financial (WLF), has commenced a snapshot vote among WLFI token holders regarding the proposal to airdrop the stablecoin USD1. WLF fam — it’s time.A new Snapshot vote is live to airdrop USD1 to all eligible $WLFI holders.Free USD1. The hottest stablecoin in crypto ? Don’t […]

AI translated

ForkLog 15 06.05.2025

Cryptocurrency Mentions in SEC Filings Reach Record High

In April, the number of mentions of “cryptocurrencies” in reports to the SEC surged to a record 786. This figure rose by 38% month-on-month and 8% year-on-year, according to The Block. From January 2024 to March 2025, the average monthly figure was 457. The publication suggests this spike indicates increased federal agency attention to digital […]

AI translated

ForkLog 53 05.05.2025

Kyrgyzstan to Launch Gold-Backed Stablecoin USDKG

Kyrgyzstan has announced the launch of the gold-backed stablecoin USDKG in the third quarter of 2025. This was revealed by project advisor Gabriel Guerra at the Token2049 conference, reports CoinDesk. The coin will be pegged to the US dollar at a 1:1 ratio and backed by Kyrgyzstan’s Ministry of Finance’s gold reserves worth $500 million. […]

AI translated

ForkLog 24 02.05.2025

Tether to Launch US Stablecoin in Early 2026

Tether’s initiative to release a new American stablecoin could be realized by early 2026, stated the company’s head, Paolo Ardoino, in an interview with CNBC. “The American stablecoin will differ from the international one. This depends on the timing of the final legislation, but we are aiming for a [launch] by the end of the […]

AI translated

ForkLog 35 01.05.2025

US Treasury Predicts Stablecoin Market to Reach $2 Trillion

The market capitalization of stablecoins is projected to reach $2 trillion by 2028, according to a report from the US Department of the Treasury for the first quarter of 2025. The current combined market value of stablecoins is approximately $230 billion, but the growth rate may accelerate, the document states. The department noted that stablecoins […]

AI translated

ForkLog 33 30.04.2025

SEC Drops Investigation into PayPal’s Stablecoin

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the PYUSD stablecoin from payment giant PayPal. The regulator informed the company of the closure of the inquiry without any claims or penalties. PayPal received a request from the SEC for documents regarding the “stablecoin” in November 2023. At that time, company representatives […]

AI translated

ForkLog 10 29.04.2025

Crypto Criminals’ Transfers to Risky Addresses Reach $649 Billion

In 2024, transfers to high-risk addresses surged to $649 billion, accounting for 5.14% of all stablecoin transactions, according to a report by analysts at Bitrace. Influx of stablecoins to high-risk addresses. Data: Bitrace. The largest share of transactions involves Tether’s stablecoin on the TRON network, although the share of USDT and USDC on Ethereum has […]

AI translated

ForkLog 49 29.04.2025

Mastercard Embraces Stablecoin Payments

Payment giant Mastercard has announced a partnership with Circle, Paxos, and Nuvei. This collaboration enables 150 million merchants in its network to accept stablecoins, regardless of the customer’s payment method. Today, we announced our end-to-end capabilities to support stablecoins, ensuring payments can be made or received using them — anytime, anywhere. Alongside proven leaders across […]

AI translated

ForkLog 21 29.04.2025

Tether Confirms 7.7 Tonnes of Gold Backing for XAUT

The issuer conducted the first official attestation of the “gold” stablecoin XAUT. USDT continues to lead the stablecoin market with a share exceeding 66%. Participation of institutional investors and political elites reflects a global trend towards legitimising digital assets. Tether reported that the gold backing for the stablecoin XAUT amounted to 7.7 tonnes at the […]

AI translated

ForkLog 108 28.04.2025

Ledger Introduces Yield Generation for Stablecoins in Cold Wallets

Hardware wallet manufacturer Ledger has introduced a yield generation option for stablecoins stored on its devices, according to The Block. The feature is implemented in the Ledger Live application in partnership with the DeFi platform Kiln. The option supports stablecoins USDC, USDT, USDS, and DAI. Protocols Aave, Compound, Morpho, Sky, and Spark offer yields ranging […]

AI translated

ForkLog 30 25.04.2025

Citigroup Predicts Stablecoin Market Cap to Reach $3.7 Trillion in Five Years

The year 2025 could mark a breakthrough in institutional adoption of blockchain technology, with stablecoins acting as a key driver. This forecast was presented in a report by Citigroup. “The total outstanding supply of stablecoins will grow to $1.6 trillion by 2030 in the base scenario and to $3.7 trillion in a bullish scenario,” wrote […]

AI translated

#stablecoins