stablecoins | ForkLog

ForkLog 16 14.09.2024

Circle to Relocate Headquarters to New York

Circle Internet Financial, the issuer of the USDC stablecoin, will relocate its global headquarters from Boston to New York. This was announced by the company’s founder and CEO, Jeremy Allaire. BREAKING NEWS: @circle has announced that we are moving our Global HQ to New York City, building out a flagship space on one of the […]

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ForkLog 35 12.09.2024

Beyond Speculation: Researchers Highlight Real-World Stablecoin Use Cases

Stablecoins are not merely tools for speculative crypto trading; they are also employed in “real-world use cases.” This is evidenced by the findings of a study conducted by Castle Island Ventures, Brevan Howard, Artemis, and Visa Crypto.

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ForkLog 7 10.09.2024

Analysts Observe Influx of USDT to Bitcoin Exchanges

Since August, the volume of USDT on cryptocurrency exchanges has been rapidly increasing. Given that from March to July, the dynamics showed no significant fluctuations amid turbulence, this is a notable change, according to CryptoQuant. “The growth of stablecoin balances on CEX is perceived as an increase in long potential, which will positively affect the […]

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ForkLog 14 03.09.2024

Sberbank Advocates for Legalisation of Cryptocurrency Payments

Russia’s Sberbank supports the recognition of cryptocurrencies and stablecoins as legitimate payment instruments. This was stated by the bank’s Deputy Chairman of the Board and Head of Corporate and Investment Business, Anatoly Popov, in an interview with Reuters. According to him, the legalisation of mining in Russia and the possibility of international settlements in digital […]

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ForkLog 42 26.08.2024

Stablecoin Market Capitalization Reaches Record $168 Billion

The combined market capitalization of stablecoins has reached a new all-time high of $168 billion, marking an 11-month streak of growth. And just like that, we’re at a new all-time high. Total stablecoin market cap, excluding algorithmic stables, is now at the highest point ever, surpassing its previous high from early 2022. New money is […]

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ForkLog 8 23.08.2024

Tether Abandons Plans for Proprietary Blockchain Amid Market Saturation

Tether Holdings, the issuer of USDT, considered launching its own blockchain but ultimately abandoned the idea due to market saturation, according to Bloomberg. The company’s CEO, Paolo Ardoino, stated that the decision was influenced by the basic economic principle of supply and demand equilibrium. “We are very knowledgeable about technology. In the future, blockchain will […]

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ForkLog 30 23.08.2024

MakerDAO Unveils Updated Versions of DAI and MKR Tokens

The DeFi platform MakerDAO has introduced updated versions of its stablecoin DAI and governance token MKR as part of its Endgame roadmap transformation. Endgame introduces NewStable and NewGovToken, the upgraded versions of DAI and MKR. However, DAI and MKR will remain available. Both tokens are expected to stay unchanged for the foreseeable future, unless governance […]

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ForkLog 10 23.08.2024

Plans for Two Cryptocurrency Exchanges Emerge in Russia

Russia is set to see the launch of two cryptocurrency exchanges—one based on the St. Petersburg Currency Exchange focusing on foreign economic activity, while a decision on the other remains pending. This information comes from sources cited by “Kommersant“. The second platform may be established in Moscow. It is yet to be decided whether it […]

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ForkLog 21 22.08.2024

Tron Removes 12,000 BTC from USDD Reserves

The team behind the algorithmic stablecoin USDD within the Tron ecosystem has quietly removed an address holding approximately 12,000 BTC (~$716 million) from the asset’s reserves. This was highlighted by on-chain researcher Symbio. lmao @justinsuntron silently removed the 12.000 btc as USDD collateral recently and it’s now 100% backed by tron (except for 20mil. usdt). […]

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ForkLog 22 21.08.2024

Tether to Launch UAE Dirham-Pegged Stablecoin

Tether has announced plans to develop a stablecoin pegged to the United Arab Emirates Dirham (AED). Tether to Develop UAE Dirham-Pegged Stablecoin Read more:https://t.co/dkiDAI0y15 — Tether (@Tether_to) August 21, 2024 The launch of the asset is planned in partnership with the local technology conglomerate Phoenix Group, supported by Green Acorn Investments. According to the statement, […]

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ForkLog 8 14.08.2024

Stablecoin Issuance Could Propel Bitcoin’s Continued Rally, Says 10x Research

The surge in stablecoin issuance might be the key to sustaining Bitcoin’s rally, according to Marcus Thielen, founder and CEO of 10x Research. #Bitcoin Traders Speculate on Potential Bullish Impact of $2.5 Billion Stablecoin Inflow ?1-10) Monitoring and analyzing crypto money flows is crucial for assessing market conditions that can act as tailwinds or headwinds […]

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ForkLog 29 10.08.2024

Ripple Initiates Testing of RLUSD Stablecoin

Ripple has announced the commencement of a closed beta test for the RLUSD stablecoin on the XRP Ledger and Ethereum mainnet. Testing, testing…RLUSD! We’re excited to share that Ripple USD (RLUSD) is now in private beta on XRP Ledger and Ethereum mainnet. RLUSD has not yet received regulatory approval and therefore is not available for […]

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