stablecoins | ForkLog

ForkLog 15 01.07.2024

Circle Secures First MiCA-Compliant Stablecoin License

Circle Mint France has been granted the right to issue euro-denominated stablecoins EURC and USDC in the EU under MiCA. This was made possible by the firm’s acquisition of an Electronic Money Institution (EMI) license from the ACPR. BREAKING NEWS: @Circle announces that USDC and EURC are now available under new EU stablecoin laws; Circle […]

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ForkLog 11 26.06.2024

USDT Supply on TON Network Surpasses $500 Million

The market supply of USDT issued on The Open Network (TON) has approached $520 million.

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ForkLog 11 26.06.2024

Legal Expert Criticizes UAE’s New Cryptocurrency Regulations

The updated regulations in the UAE could potentially ban cryptocurrency payments in the country. This conclusion was reached by legal expert Irina Khiver. She referred to the approval on June 5 by the board of directors of the UAE Central Bank (CBUAE) of amendments to the regulation on the supervision and licensing of stablecoins. According […]

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ForkLog 17 24.06.2024

Tether Halts USDT Issuance on EOS and Algorand

From June 24, 2024, Tether will cease the issuance of its stablecoin USDT on the EOS and Algorand blockchains. Tether Announces Strategic Transition to Prioritize Community-Driven Blockchain SupportRead more: https://t.co/UCL1MJt2WO — Tether (@Tether_to) June 24, 2024 “Tether will continue to redeem USDT on EOS and Algorand as usual for the next 12 months,” the statement […]

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ForkLog 13 18.06.2024

Regulatory Era: EU to Exclude Stablecoins, South Korea Targets Altcoins

The cryptocurrency exchange Uphold will delist USDT and five other stablecoins for Europeans under MiCA. The South Korean regulator has mandated a review of 600 altcoins listed on licensed trading platforms in the country. Starting July 1, the cryptocurrency exchange Uphold will cease support for stablecoins USDT, DAI, FRAX, GUSD, USDP, and TUSD for users […]

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ForkLog 40 17.06.2024

Stablecoins: A Solution to the US Debt Dilemma?

The adoption of dollar-pegged stablecoins could bolster the appeal of the American currency and alleviate the burgeoning national debt issue, according to former Speaker of the US House of Representatives, Paul Ryan, as reported. In his article for the WSJ, the politician highlighted that the growth of the stablecoin market could generate demand for US […]

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ForkLog 15 17.06.2024

Tether Introduces Gold-Backed Digital Asset in Alloy Series

Tether, the issuer of USDT, has introduced the aUSDT token, backed by Tether Gold (XAUT), as part of its Alloy series of “pegged assets.” According to the press release, aUSDT aims to redefine stability in the digital economy by combining the benefits of a stable unit of account with the security and reliability of gold. […]

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ForkLog 23 11.06.2024

Tether to Invest Over $1 Billion in Startups Over the Next Year

Tether, the issuer of USDT, plans to allocate more than $1 billion to distribute among startups from “hundreds of venture proposals,” CEO Paolo Ardoino revealed in an interview with Bloomberg. According to the executive, the firm is focused on alternative financial infrastructure for emerging markets, artificial intelligence, and biotechnology. Over the past two years, Tether […]

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ForkLog 11 07.06.2024

Have you seen America’s national debt? What the stablecoin market says

The global economy is undergoing a transformation, with new trends emerging in central banks’ monetary policy. One promising avenue for crypto is investment in US Treasury securities. ForkLog examines how America’s public debt became collateral for stablecoins and the prospects for RWA projects in this corner of traditional finance. How public debt builds up According […]

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ForkLog 17 06.06.2024

Paxos Unveils 5% Yield Stablecoin USDL

Paxos has introduced the Lift Dollar (USDL) stablecoin, offering holders a “risk-free” yield of approximately 5%. The issuer of this “stablecoin,” Paxos International, is regulated in the UAE by the Financial Services Regulatory Authority (FSRA) within the Abu Dhabi Global Market (ADGM). The token is not intended for residents of the US, UAE (except ADGM), […]

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ForkLog 10 05.06.2024

Lugh Halts Stablecoin Issuance Ahead of MiCA Implementation

The European firm Lugh has announced the cessation of its stablecoin EURL issuance in anticipation of the MiCA regulation coming into effect. ? Annonce : MiCA : Lugh suspend son activité d’émission de stablecoin pic.twitter.com/RdXzJHBzY5 — Lugh (@LughStablecoin) June 4, 2024 The issuer has guaranteed the redemption of existing coins until August 30, 2024. Reimbursement […]

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ForkLog 15 03.06.2024

Binance to Restrict Access to Certain Stablecoins in the EU

Cryptocurrency exchange Binance has alerted users to upcoming restrictions due to new stablecoin regulations coming into effect within the European Economic Area (EEA). Under upcoming MiCA rules some stablecoins will face restrictions as unauthorized stablecoins. Binance won’t delist any unauthorized stablecoins on spot but will limit their availability for EEA users only on certain products, […]

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