stablecoins | ForkLog

ForkLog 15 11.10.2023

Real USD loses its peg as stablecoin price crashes by 50%

The Real USD (USDR) stablecoin, backed by tokenized real estate, lost its peg. The asset's price fell by 50%.

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ForkLog 10 29.09.2023

Circle backs Binance over BUSD status

Buyers of stablecoins do not expect profits, so this asset class does not meet investment contract criteria. This statement was made by Circle's chief counsel Hite Tarbert.

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ForkLog 8 27.09.2023

JPMorgan: Stablecoin Issuers Could Disrupt the Money Market

Issuers of stablecoins risk undermining the short-term funding market after the Fed restricted access to it. JPMorgan says so, Bloomberg reports.

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ForkLog 7 27.09.2023

Fed sees stablecoins as a threat to financial stability

Stablecoins may introduce instability into the financial system as a whole. This is stated in a study by the Federal Reserve Banks of Boston and New York.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 17 23.09.2023

Circle renames its stablecoins to USDC and EURC

Circle announced the renaming of its stablecoins USD Coin and Euro Coin to USDC and EURC.

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ForkLog 18 21.09.2023

Tether resumes lending in its USDT stablecoin

The issuer of USDT, Tether Limited, has resumed lending in its own stablecoin, a year after assurances that such practice had ceased. The Wall Street Journal reports.

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ForkLog 10 21.09.2023

Venmo adds support for PayPal’s stablecoin

The PayPal-owned mobile payments service Venmo has added support for its US-dollar pegged stablecoin PYUSD.

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ForkLog 45 19.09.2023

What is PayPal’s PYUSD stablecoin?

An explainer on PayPal’s PYUSD stablecoin.

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ForkLog 16 18.09.2023

Tether cofounder assesses PayPal’s stablecoin prospects

The stablecoin PYUSD from PayPal is unlikely to bring much innovation, but could potentially provide the company with additional profit. This was stated in an interview with CoinDesk by Tether co-founder William Quigley.

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ForkLog 11 13.09.2023

Paxos confirms 100% backing of PayPal’s PYUSD stablecoin

As of August 31, the total value of assets on PayPal's account equals or exceeds the PYUSD token balance, according to a Paxos report.

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ForkLog 15 13.09.2023

Coinbase CEO outlines concept of ‘flatcoins’

Flatcoins are a type of stablecoins not pegged to a specific asset or fiat currency, but move in line with inflation, according to Coinbase CEO Brian Armstrong.

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ForkLog 17 12.09.2023

Mantle to add support for RWA-stablecoin USDY

The L2 project Mantle Network on Ethereum will integrate USD Yield (USDY) stablecoin from Ondo Finance pegged to the US dollar.

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