stablecoins | ForkLog

ForkLog 8 03.07.2024

Russia’s Central Bank Plans to Legalize Cross-Border Stablecoin Transactions

Russian authorities intend to permit the use of stablecoins for international transactions. This was reported to Izvestia by Alexey Guznov, Deputy Chairman of the Central Bank. According to him, the issue is to regulate the entire supply chain, which “would allow individuals to transfer [stablecoins] into Russia, accumulate them, and use them for cross-border payments.” […]

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ForkLog 24 02.07.2024

Aave Developers Launch GHO Stablecoin on Arbitrum Network

The decentralized autonomous organization behind the development of the Aave DeFi protocol has launched the GHO stablecoin on the Arbitrum L2 solution network, as reported by The Block.

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ForkLog 22 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 12 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 26 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 16 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 48 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 20 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 26 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 25 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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