stablecoins | ForkLog

ForkLog 12 27.12.2024

Brazil’s Potential Ban on USDT Transfers to Non-Custodial Wallets Sparks Industry Reaction

The Bank of Brazil’s proposed ban on stablecoin transfers to non-custodial wallets could drive a shift towards decentralization, according to Cointelegraph, citing industry representatives. On November 29, the regulator proposed banning transfers of foreign currency-denominated stablecoins to non-custodial wallets. The document is open for public consultation until February 28, 2025. The use of stablecoins in […]

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ForkLog 24 25.12.2024

Kaiko Highlights 2024 in Ten ‘Best Charts’

Kaiko described 2024 as a landmark year for cryptocurrency markets, summarizing it through ten charts. Bitcoin’s Path to $100,000 The market strengthened following the launch of BTC-ETF, with the fourth halving proceeding without surprises. Waves of billion-dollar liquidations did not overshadow the success of digital gold. The price increase since the beginning of the year […]

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ForkLog 16 24.12.2024

SpaceX Utilises Stablecoins to Mitigate Currency Risks, Says Expert

Elon Musk’s company SpaceX employs stablecoins to avert currency risks, according to Chamath Palihapitiya, founder of Social Capital, during the All-In podcast.

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ForkLog 22 17.12.2024

Tether Invests in StablR to Boost Stablecoin Adoption in Europe

Tether, the issuer of USDT, has invested an undisclosed sum in the European stablecoin provider StablR as part of its strategy to promote asset adoption in the EU. Tether Invests In StablR To Promote Stablecoin Adoption In EuropeRead more: https://t.co/y8HtQXEwjR — Tether (@Tether_to) December 17, 2024 “The European stablecoin market, with a capitalization of $400 […]

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ForkLog 43 16.12.2024

Ethena Introduces Stablecoin Backed by BlackRock’s BUIDL

Ethena Labs, the issuer of USDe, has launched the stablecoin USDtb in collaboration with Securitize, a platform specializing in the tokenization of real-world assets (RWA). Today we are launching our new stablecoin product, USDtb, backed by @BlackRock‘s BUIDL Fund in partnership with @Securitize Read below for full details? pic.twitter.com/mSf3mWv3oF — Ethena Labs (@ethena_labs) December 16, […]

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ForkLog 26 16.12.2024

Ripple CTO Anticipates Volatility for RLUSD Post-Launch

Following the launch of the RippleUSD (RLUSD) stablecoin, significant volatility is expected, and it is crucial to avoid FOMO. This was stated by the CTO of the issuer, David Schwartz. As RLUSD goes live, there may be supply shortages in the very early days before the market stabilizes. There actually is someone willing to pay […]

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ForkLog 23 12.12.2024

Citi Analysts: Stablecoins Could Bolster Dollar’s Dominance

Cryptocurrencies do not threaten the dollar’s hegemony in the global market; rather, stablecoins make the American currency more accessible. This perspective was outlined by Citi Wealth analysts in their report Market Outlook 2025. “Initially, crypto assets like Bitcoin were conceived as competitors to fiat currencies. […] However, stablecoins, which account for over 80% of cryptocurrency […]

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ForkLog 16 11.12.2024

Circle and Binance Collaborate to Promote USDC

Circle and Binance have forged a strategic partnership to expand the global reach of the USDC stablecoin. BREAKING NEWS: Circle and Binance have entered into a strategic partnership that will accelerate global USDC and crypto adoption. The world’s largest exchange and crypto super app and the world’s largest trusted and compliant dollar stablecoin operator are […]

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ForkLog 19 11.12.2024

Ripple Secures Approval for RLUSD Stablecoin Trading

The New York Department of Financial Services has approved Ripple’s RLUSD stablecoin for trading, as announced by the company’s CEO, Brad Garlinghouse. This just in…we have final approval from @NYDFS for $RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from @Ripple first. — Brad […]

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ForkLog 133 10.12.2024

Tether Reveals USDT Holder Statistics

As of the start of the fourth quarter of 2024, there were 109 million USDT holders, more than double the number of Bitcoin holders and close to Ethereum’s 128 million. These figures were reported by Tether. The company noted that these numbers make USDT one of the most widespread digital assets. For their analysis, specialists […]

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ForkLog 24 10.12.2024

Stablecoin Market Capitalization Surpasses $200 Billion

The combined market capitalization of stablecoins has reached $204 billion, marking a 3% increase over the past seven days. Coinbase attributed this trend to a sharp rise in on-chain lending rates. USDT ($138.45 billion) accounts for 67.8% of the total token supply. The share of USDC is 19.9% ($40.69 billion). Data: CoinGecko. “[The increase in […]

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ForkLog 12 05.12.2024

Tether CEO Labels USDT as Catalyst for Bitcoin Price Surge

A strong correlation exists between bitcoin’s rise above $100,000 and the increased supply of Tether’s USDT stablecoin, according to the company’s CEO, Paolo Ardoino, in an interview with The Block. In the last 20 days alone, the market capitalization of the stablecoin has grown by approximately $16 billion, he noted. This is partly due to […]

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