stablecoins | ForkLog

ForkLog 262 24.04.2025

Tether Freezes $28.7 Million USDT Across 13 Addresses

Tether has frozen approximately $28.67 million in USDT across 12 addresses on the TRON network and an additional ~$99,630 on one Ethereum wallet, according to MistTrack. ?MistTrack Alert:@Tether has frozen ~$28.67M $USDT across 12 addresses on TRON, and ~$99.63K $USDT on one Ethereum address:#TRONTUPyHqY2jbcF5Q2rCmTQWBtVo84oMpLm2fTESCDkZbKWuJtuFPRSjczChuV14XHMMbMATXLuEUEV1bNoQ1k59i9uun3XUmRjTZNXwhTS2T38JTaA8qHwnANH5H1ASUQ1RvwKzZxy… pic.twitter.com/LLPO0xcOvi — MistTrack?️ (@MistTrack_io) April 24, 2025 Experts noted that the […]

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ForkLog 16 23.04.2025

PayPal to Introduce Rewards for PYUSD Holders

Payment service PayPal is set to launch a rewards program for holders of the PYUSD stablecoin in the United States to boost its popularity. This was announced in the company’s blog. American users will be offered an annual rate of 3.7% on PYUSD deposits in PayPal or Venmo. Interest in stablecoins is planned to be […]

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ForkLog 49 23.04.2025

Grinex Launches P2P Trading for Ruble-Pegged Stablecoin A7A5

The cryptocurrency exchange Grinex has initiated P2P trading for A7A5, a stablecoin pegged to the ruble at a 1:1 ratio, according to a press release. Holders of A7A5 receive a portion of the interest from deposits backing the token. At the time of publication, A7A5 is traded against the ruble on the P2P platform. Grinex […]

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ForkLog 61 22.04.2025

ING Bank’s MiCA-Compliant Stablecoin Initiative Unveiled

Dutch banking giant ING is developing a “stablecoin” in alignment with European MiCA regulations, according to CoinDesk, citing its own sources. The initiative may take the form of a consortium involving other financial institutions and cryptocurrency service providers, the publication’s sources revealed. “ING is working on a stablecoin project with several other banks. Progress is […]

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ForkLog 7 22.04.2025

ECB Warns of ‘Financial Contagion’ Risk from US Crypto Policies, Reports Politico

ECB fears that US President Donald Trump’s support for the crypto industry could trigger ‘financial contagion’ and harm Europe’s economy. This is reported by Politico citing an internal document from the regulator. The bank is concerned about the potential strengthening of dollar-backed stablecoins. According to the ECB, the existing MiCA regulations in the EU may […]

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ForkLog 22 21.04.2025

South Korea to Develop Stablecoin Regulations

The Bank of Korea (BoK) has announced its intention to “actively participate” in the creation of legislation regulating stablecoins. This was stated in a report. The BoK emphasized the need to minimize risks to the country’s financial and monetary stability. “Unlike other virtual assets, ‘stablecoins’ have the characteristics of a payment instrument. Their widespread use […]

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ForkLog 18 21.04.2025

Synthetix Founder Threatens Stakers Over sUSD Depreciation

Kain Warwick, the founder of Synthetix, has vowed to increase pressure on SNX token holders to compel them to use a new staking mechanism aimed at restoring the peg of the stablecoin sUSD. Update on the sUSD depeg. We have implemented an sUSD staking mechanism but it’s very manual until the UI goes live in […]

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ForkLog 35 21.04.2025

Circle to Challenge Visa and Mastercard with New Payment Product

On April 22, Circle, the issuer of USDC, will launch a new product for payments and cross-border transfers as an alternative to Visa and Mastercard. This is reported by CoinDesk, citing the company’s presentation. The solution is intended for banks, fintech firms, payment service providers, money transfer providers, and strategic partners of the stablecoin issuer. […]

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ForkLog 19 18.04.2025

sUSD Stablecoin Dips Below $0.7: Synthetix Offers Explanation

On April 18, the price of the sUSD stablecoin from the DeFi synthetic asset platform Synthetix plummeted to a local low of around $0.68. At the time of writing, the coin had recovered to $0.73. Data: CoinGecko. The asset has repeatedly lost its peg to the dollar throughout its existence. In March 2020, the price […]

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ForkLog 15 17.04.2025

Federal Reserve Considers Easing Cryptocurrency Restrictions for Banks

Regulators may “ease” requirements related to digital assets for financial institutions in the future, according to Jerome Powell, Chairman of the Federal Reserve. The official mentioned a “wave of failures and fraud” in the sector in recent years but noted the industry’s shift towards the “mainstream.” “We have taken a fairly conservative view. Other regulators […]

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ForkLog 13 17.04.2025

Russia Considers Developing Its Own Stablecoins, Reports Reuters

Russia should develop its own stablecoins linked to various currencies, according to Osman Kabaloev, Deputy Director of the Financial Policy Department at the Ministry of Finance, as reported by Reuters. His remarks come amid the blocking of Russian-linked stablecoins such as USDT. This refers to the freezing of assets on the Garantex exchange by Tether. […]

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ForkLog 58 16.04.2025

Standard Chartered Predicts Stablecoin Market Cap to Reach $2 Trillion by 2028

By 2028, the combined market value of stablecoins is expected to grow to approximately $2 trillion, according to an assessment by Standard Chartered, reports The Block. Currently, this figure is estimated at $236.2 billion. The anticipated driver is the expected adoption of the GENIUS Act in the United States, which provides a regulatory framework for […]

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