stablecoins | ForkLog

ForkLog 14 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 19 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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ForkLog 6 03.06.2024

USDe Stablecoin Capitalisation Surpasses $3 Billion

The total market value of USDe, issued by Ethena Labs, has exceeded $3 billion just four months after the launch of the “synthetic dollar.” Data: CoinGecko. The “stablecoin” reached this milestone faster than its competitors, according to The Block. USDe climbed to $2 billion on April 5. Over the past 30 days, the metric has […]

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ForkLog 24 23.05.2024

Stablecoin Market Capitalisation Surpasses $160 Billion

The combined market capitalisation of stablecoins has surpassed the $160 billion mark.

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ForkLog 18 18.05.2024

Kraken Evaluates Potential Delisting of USDT in the EU

The cryptocurrency exchange Kraken is “actively reviewing” the status of the stablecoin USDT in light of new EU regulatory rules, reports Bloomberg. “We have contingency plans for all scenarios, including situations where listing specific tokens like USDT is simply not prudent. We are actively reviewing this matter and will make firm decisions once the position […]

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ForkLog 18 17.05.2024

Major Liquidity Provider Disrupts sUSD Peg

On May 16, the “synthetic” stablecoin from Synthetix, sUSD, lost its peg to the US dollar, dropping to $0.915. At the time of writing, the asset’s price on the decentralized exchange (DEX) Uniswap had recovered to $0.965. sUSD Price. Data: Uniswap. The stablecoin is launched on the DeFi protocol Synthetix, which allows the creation of […]

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ForkLog 21 16.05.2024

MakerDAO Unveils Plans for a Fully Decentralised Stablecoin

Rune Christensen, the founder of MakerDAO, announced that in a few years, the project will launch a fully decentralised alternative to the DAI stablecoin, tentatively named PureDai. Reconciling the two opposing paths for Decentralized Stablecoins From the moment Dai started scaling, it has been straddling two worlds. One world is the culture of pure decentralization […]

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ForkLog 12 14.05.2024

Ripple CEO Denies Attacking Tether

Ripple CEO Brad Garlinghouse clarified that his recent comments on the World Class podcast were not an attack on USDT, contrary to how Paolo Ardoino, the head of the stablecoin issuer, portrayed them. I wasn’t attacking Tether…the next words out of my mouth during the podcast were that I view Tether as a hugely important […]

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ForkLog 9 13.05.2024

Ripple CEO Suggests US Authorities Targeting Tether

The US government is closely monitoring Tether’s activities, with potential regulatory measures that could significantly impact the industry, according to Ripple CEO Brad Garlinghouse. “The US government is going to pursue Tether. This is obvious to me. I view USDT as a very important part of the ecosystem and do not know what impact this […]

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ForkLog 24 10.05.2024

Deutsche Bank Highlights Stablecoin Risks; Tether Responds with Criticism

Analysts at Deutsche Bank Research have suggested that most stablecoins are doomed to lose their peg and disappear. The experts examined 334 pegged currencies since 1800 and found that 49% of such assets failed, with an average lifespan of eight to ten years. The main reasons for these failures were macroeconomic vulnerability, speculation, and governance […]

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ForkLog 30 07.05.2024

Bancolombia Launches Crypto Exchange Wenia and Stablecoin COPW

Bancolombia, the largest bank in Colombia, has launched the cryptocurrency exchange Wenia and a stablecoin, COPW, pegged to the peso, as reported by Cointelegraph.

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ForkLog 16 06.05.2024

Bloomberg: Less Than 10% of Stablecoin Transactions Are ‘Organic’

Over 90% of stablecoin volume is moved by non-human users, indicating limited use of cryptocurrencies as a payment method, according to Bloomberg. The agency interpreted data from a new indicator by Visa and Allium Labs. The tool identifies transactions made by bots and large traders, distinguishing them from those by real people. The dominance of […]

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