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Культовый журнал о биткоине, технологии блокчейн и цифровой экономике. forklog hub Площадка для общения криптосообщества. Соединяем компании и пользователей.

#stablecoins

Stablecoin Legislation Could Eclipse Bitcoin ETF Launch, Says Expert
ForkLog 15 30.04.2024

Stablecoin Legislation Could Eclipse Bitcoin ETF Launch, Says Expert

The adoption of a bill on payment stablecoins in the United States may surpass the significance of the approval of spot Bitcoin ETFs. This was stated by Bitwise CIO Matt Hougan, reports The Block. The expert noted the increased chances of the bill’s passage following statements from Maxine Waters, a member of the House Financial […]
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USDC Surpasses USDT in Monthly Transactions
ForkLog 47 29.04.2024

USDC Surpasses USDT in Monthly Transactions

The stablecoin USDC has overtaken the segment leader, Tether’s USDT, in the number of monthly transactions, analysts at Visa have observed. According to their data, in April 2024, there were 166.6 million transactions in USDC compared to 163.6 million in USDT. The stablecoin from the Centre consortium first pulled ahead in December 2023, with 145 […]
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US Congressional Initiatives Could Undermine Tether's Dominance, Says S&P
ForkLog 18 25.04.2024

US Congressional Initiatives Could Undermine Tether’s Dominance, Says S&P

A bill introduced in Congress regarding payment stablecoins could undermine Tether’s dominance, according to Standard & Poor’s, reports The Block. The document prohibits unsecured algorithmic “stablecoins” and introduces anti-money laundering mechanisms. The bill requires issuing firms to establish reserves of cash and equivalents in a one-to-one ratio to back the tokens. Experts believe its adoption […]
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Stablecoin Market Capitalization Reaches Two-Year High
ForkLog 8 23.04.2024

Stablecoin Market Capitalization Reaches Two-Year High

On April 19, the combined market capitalization of stablecoins pegged to the US dollar rose to $165.2 billion, a level last seen in June 2022, according to The Block. The all-time high was $179.4 billion in April 2022. One of the growth drivers was interest in the “synthetic dollar” USDe launched by Ethena Labs in […]
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Coin Center Criticizes US Stablecoin Legislation
ForkLog 4 22.04.2024

Coin Center Criticizes US Stablecoin Legislation

The advocacy group Coin Center has opposed the revised bill on payment stablecoins, describing it as “unconstitutional.” The legislation prohibits unsecured algorithmic “stablecoins” and introduces anti-money laundering measures. It requires issuing firms to maintain reserves of cash and equivalents at a one-to-one ratio to back the tokens. If approved, the bill will empower federal and […]
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CryptoQuant Advises USDe Holders to Monitor Reserve Fund
ForkLog 16 18.04.2024

CryptoQuant Advises USDe Holders to Monitor Reserve Fund

Holders of the CDP-stablecoin USDe from Ethena Labs should monitor the reserve fund to manage risks, according to advice from CryptoQuant, as reported by CoinDesk. Calculations suggest that under conditions of negative funding rates, the reserve fund can be maintained if the capitalization of the “synthetic dollar” does not exceed $3 billion. The architecture of […]
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Tether Diversifies Beyond Stablecoins with Corporate Restructuring
ForkLog 15 18.04.2024

Tether Diversifies Beyond Stablecoins with Corporate Restructuring

Tether, the issuer of USDT, has announced a corporate restructuring into four divisions, aiming to expand beyond stablecoins. Introducing the new era of Tether! Beyond #stablecoins, we’re redefining finance with Tether finance ?, powering change with Tether power ?, enlightening minds with Tether edu ?, and innovating data with Tether data ?. Tether, unstoppable together? […]
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Binance Converts $1 Billion SAFU Fund to USDC
ForkLog 11 18.04.2024

Binance Converts $1 Billion SAFU Fund to USDC

The cryptocurrency exchange Binance has converted assets from its Secure Asset Fund for Users (SAFU), valued at $1 billion, into the stablecoin USDC. Today, all SAFU assets will be converted to $USDC, bolstering reliability and stability at $1bn. Read more ? https://t.co/Dggl3CdQYU — Binance (@binance) April 18, 2024 The platform established this emergency insurance structure […]
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Trader Loses $529,000 as USDP Stablecoin Surges Above $1.18
ForkLog 40 17.04.2024

Trader Loses $529,000 as USDP Stablecoin Surges Above $1.18

On April 16, the price of Paxos’ stablecoin USDP soared past $1.18. This deviation from its peg resulted in the liquidation of $529,000 USDC for one trader, according to PeckShield. #PeckShieldAlert #Liquidation An address (0x09a5…a87f) was liquidated ~529K $USDC after $USDP (Pax Dollar) surged to $1.18 pic.twitter.com/UbWxx8kZU4 — PeckShieldAlert (@PeckShieldAlert) April 17, 2024 The anomaly […]
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US Senate Receives Revised Stablecoin Bill
ForkLog 11 17.04.2024

US Senate Receives Revised Stablecoin Bill

Democrat Kirsten Gillibrand of New York and Republican Cynthia Lummis of Wyoming have introduced a bill on payment stablecoins to the Senate, as reported by The Block. The document prohibits unbacked algorithmic stablecoins and implements anti-money laundering measures. The bill requires issuing firms to establish reserves of cash and cash equivalents in a one-to-one ratio […]
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Analysts Examine USDe Stablecoin Vulnerabilities Amid Market Volatility
ForkLog 20 16.04.2024

Analysts Examine USDe Stablecoin Vulnerabilities Amid Market Volatility

In a bear market, rewards from shorts on derivatives may be insufficient to maintain USDe’s stability. Concerns arise over the diversification of centralized partners. The growth of the “synthetic dollar” could limit the capacity of the crypto derivatives market. To gain trust, USDe from Ethena Labs must demonstrate resilience in adverse market conditions. Experts outlined […]
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ENA Rises 11% Amid Increased Staking Rewards
ForkLog 20 08.04.2024

ENA Rises 11% Amid Increased Staking Rewards

The team at Ethena Labs has increased rewards for those staking a significant volume of ENA. The token responded with an 11% rise, reaching $1.3.  15-minute ENA/USDT chart on Binance. Data: TradingView.   According to the updated policy, from April 8, the minimum staking period for ENA is seven days.  For users locking more than 50% […]
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