stablecoins | ForkLog

ForkLog 12 29.03.2023

Circle to launch USDC stablecoin in the Cosmos ecosystem

The USD Coin (USDC) stablecoin from the issuer Circle will be launched in the Cosmos ecosystem. The issuing platform will be the Noble project.

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ForkLog 8 27.03.2023

TUSD stablecoin launches on the TON network

The True USD (TUSD) stablecoin team has partnered with The Open Network blockchain project. The collaboration will enable users to transfer the asset quickly and securely into the TON network via Orbit Bridge.

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ForkLog 11 24.03.2023

Tether says it has $1.66 billion in excess USDT reserves

Following the first quarter, Tether expects to report a net profit of $700 million, which would lift USDT's excess reserves to $1.66 billion. On CNBC, Paolo Ardoino, the company's Chief Technology Officer, said.

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ForkLog 10 18.03.2023

Moody’s: USDC depeg could erode trust in stablecoins

Analysts at Moody’s believe that the recent depegging of USD Coin (USDC) from the US dollar could hamper the development of stablecoins and lead to tighter regulation.

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ForkLog 7 16.03.2023

USDT doubles USDC in market capitalization

USDT's market capitalization rose to $74.7 billion, almost double that of its nearest competitor.

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ForkLog 9 16.03.2023

TUSD operator moves $1 billion in reserves from the United States to the Bahamas

The True USD (TUSD) manager Archblock has raised the reserves of the stablecoin held at the Bahamas-based Capital Union Bank to $1.4 billion from $438 million as of March 10. Bloomberg reports.

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ForkLog 18 15.03.2023

KuCoin Invests in CNHC Stablecoin Issuer Linked to the Offshore Yuan

The venture arm of the KuCoin cryptocurrency exchange led a financing round for the CNHC stablecoin issuer pegged to the offshore yuan.

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ForkLog 12 14.03.2023

Glassnode: US bank collapse rekindles demand for Bitcoin

The shutdowns of Silvergate Bank, SVB, and SBNY triggered temporary turbulence in stablecoins and underscored the significance of Satoshi Nakamoto's creation of Bitcoin. Glassnode reports.

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ForkLog 7 13.03.2023

Binance converts Industry Recovery Initiative assets from BUSD to Bitcoin

Binance converts the Industry Recovery Initiative (IRI) fund assets from the Binance USD (BUSD) stablecoin into Bitcoin, Ethereum and BNB. This was stated by Binance CEO Changpeng Zhao.

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ForkLog 17 13.03.2023

US rescue saves SVB and Signature Bank depositors; stablecoins narrow the depegging.

On March 13, the US Treasury, the Fed and the FDIC announced the rescue of SVB and Signature Bank — with depositors to gain access to their funds at the expense of shareholders and some holders of unsecured bonds.

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ForkLog 20 12.03.2023

MakerDAO to adjust protocol parameters to limit USDC problems’ impact on DAI

In an 'emergency vote', the MakerDAO community approved a proposal to adjust protocol parameters. The changes are intended to limit the impact of USD Coin (USDC) problems on the decentralized stablecoin DAI.

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ForkLog 15 12.03.2023

Circle promises to cover ‘any shortfall’ in backing for USDC

Circle uses corporate funds and “external capital” to back USD Coin (USDC) if it is unable to timely and fully return part of the stablecoin reserves held on accounts at Silicon Valley Bank.

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