stablecoins | ForkLog

ForkLog 13 05.10.2024

Tether’s Paolo Ardoino: A Key Ally of the US Government

Paolo Ardoino, head of the stablecoin USDT issuer Tether, stated in an interview with Cointelegraph that the company is doing everything possible to maintain good relations with the United States. According to him, the firm manages this “much better” than its competitors, thanks to efforts in compliance and cooperation with authorities. An additional reason for […]

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ForkLog 9 02.10.2024

CryptoQuant Predicts Bitcoin Surge Amid Fiat Influx into Stablecoins

Between August and September, stablecoin capitalization increased by $8.73 billion, signaling a bullish trend. Institutional investors are converting funds into stablecoins in light of the Federal Reserve’s monetary policy easing cycle. The CEO of Tether described USDT and the dollar as “friends.” The rise in stablecoin capitalization during August and September could extend the upward […]

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ForkLog 10 29.09.2024

Fed Rate Cut Impacts Stablecoin Issuers’ Earnings

Companies behind the five leading stablecoins by market capitalization are set to lose approximately $625 million in annual revenue due to the Federal Reserve’s September decision to cut the key rate by 50 basis points, according to calculations by CCData. /2 The top 5 centralised stablecoins hold US Treasury Bills of nearly $125bn, accounting for […]

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ForkLog 21 28.09.2024

Tether Aids in Freezing $6 Million from Crypto Fraudsters

Tether, the issuer of the stablecoin USDT, has assisted the U.S. Department of Justice in seizing assets worth over $6 million linked to crypto fraudsters from Southeast Asia. Tether Assists U.S. Department of Justice in Seizing Over $6 Million in Alleged Proceeds Linked to Crypto-Confidence SchemeRead more: https://t.co/ZVruF5UhvP — Tether (@Tether_to) September 27, 2024 The […]

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ForkLog 21 25.09.2024

SEC Fines TrustToken and TrueCoin Over TUSD Stablecoin Sales

TrueCoin and TrustToken have reached a settlement with the SEC over allegations of fraudulent and unregistered sales of investment contracts in the form of the TrueUSD (TUSD) stablecoin. According to the lawsuit, TrueCoin acted as the coin’s issuer, while TrustToken operated the TrueFi lending protocol. From November 2020 to April 2023, the companies offered investors […]

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ForkLog 20 20.09.2024

Visa Predicts Surge in Non-Dollar Stablecoins

In the coming years, demand for stablecoins based on non-dollar fiat currencies is expected to rise. This was stated by Kai Sheffield, head of Visa’s cryptocurrency division, as reported by The Block. “Dollars are great for cross-border transactions, but you need to be able to convert them quickly and efficiently. Other currency stablecoins can play […]

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ForkLog 35 19.09.2024

Tether Responds to Comparisons with FTX and Alameda Research

350 million users engage in transactions with USDT, and its issuer collaborates with 180 institutions across 45 jurisdictions. Such information was presented by Tether Limited. The company described the stablecoin it manages as a “cornerstone in modern financial ecosystems.” According to the issuer, Tether is committed to consumer protection and regulatory compliance. This is reflected […]

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ForkLog 30 18.09.2024

BitGo to Launch Yield-Bearing Stablecoin USDS

In 2025, BitGo will introduce a dollar-backed stablecoin, USDS. The custodial platform will offer rewards for providing liquidity to the ecosystem, reports CoinDesk. USDS will be backed by short-term US Treasury bills, overnight REPO transactions, and cash. BitGo plans to list USDS on all major exchanges and expects the token’s capitalization to reach $10 billion […]

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ForkLog 8 17.09.2024

Circle to Launch USDC Stablecoin on Sui Blockchain

Circle, the company behind the second-largest stablecoin by market capitalization, USDC, is integrating with the high-performance Sui blockchain.

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ForkLog 15 17.09.2024

TON Foundation and Curve Finance to Launch Stablecoin DEX

Developers from Curve Finance and TON Foundation are set to create a platform for stablecoin trading on the Telegram Open Network blockchain. The AMM mechanism from Curve is expected to simplify the exchange of “stablecoins,” enhance user experience, and minimize price impact. The project’s advisor will be the founder of the DEX, Mikhail Egorov. A […]

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ForkLog 27 16.09.2024

Bank of Russia Highlights Risks of Cryptocurrency Transactions

The Bank of Russia views the widespread adoption of cryptocurrencies and stablecoins as a risk factor for the country’s domestic economy. This is outlined in the draft of the main directions for the development of the financial market until 2027. The regulator once again referred to digital currencies as “monetary surrogates” and emphasized that without […]

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ForkLog 34 15.09.2024

Stablecoin Issuers Freeze Nearly $5 Million Linked to Lazarus Group

The North Korean hacker group Lazarus Group has lost access to $4.96 million after stablecoin issuers blacklisted two of its addresses. The assets were identified by renowned on-chain sleuth ZachXBT. Update: As of today all four stablecoin issuers (Paxos, Tether, Techteryx, Circle) have now blacklisted the two addresses below with $4.96M from Lazarus Group. 0x36f2D3871edd59d5C06DB8F0b12bE928d5922A700x12ED7f6ed0491678764c2b222A58452926E44DB6 […]

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