stablecoins | ForkLog

ForkLog 13 15.02.2023

Changpeng Zhao forecasts expansion of non-dollar stablecoins

Rising regulatory scrutiny in the United States underscores growing demand for stablecoins not pegged to the U.S. dollar, Binance CEO Changpeng Zhao (CZ) said.

AI translated

ForkLog 9 14.02.2023

Aave to weigh freezing of Binance’s BUSD stablecoin

The Aave lending protocol community will consider a proposal to freeze the use of Binance USD (BUSD) as collateral amid pressure from the US Securities and Exchange Commission on Paxos, the exchange's stablecoin issuer partner.

AI translated

ForkLog 6 13.02.2023

Bloomberg reports PayPal’s pause in developing a stablecoin

The payments giant PayPal has paused development of its own stablecoin amid news of the NYDFS's investigation into Paxos, the issuer of BUSD and USDP. Bloomberg reports.

AI translated

ForkLog 17 13.02.2023

Forbes reports on Tether reserves placed with Cantor Fitzgerald and Capital Union

New York-based Cantor Fitzgerald, along with Bahamas-based Capital Union and Ansbacher, held part of the {{AOPEN_1}}stablecoin{{ACLOSE_1}} USDT collateral. Forbes reports, citing informed sources and documents from Tether Limited.

AI translated

ForkLog 9 09.02.2023

Aave developers launch GHO stablecoin on Goerli testnet

Aave Companies launched the GHO stablecoin on the Ethereum Goerli testnet.

AI translated

ForkLog 11 09.02.2023

Tether posts $700m in net profit for Q4

The issuer of the USDT stablecoin, Tether Limited, posted net profit of $700m for October–December, according to the updated attestation report.

AI translated

ForkLog 15 08.02.2023

BIS to develop Pyxtrial platform to monitor stablecoin reserves

The BIS is developing a monitoring system to assess the sufficiency of stablecoin backing. The Pyxtrial project has been among the organisation's priorities for 2023.

AI translated

ForkLog 23 01.02.2023

Waves team renames USDN ticker to XTN as the stablecoin devalues

The ticker of the algorithmic stablecoin USDN, which back in August 2022 lost parity to the US dollar, was changed to Neutrino Index (XTN).

AI translated

ForkLog 6 31.01.2023

Algorithmic stablecoin Djed released on Cardano network

COTI Network, in collaboration with Input Output, released the algorithmic stablecoin Djed on the Cardano network.

AI translated

ForkLog 12 31.01.2023

Hong Kong regulator to require licensing for stablecoin issuers

The Hong Kong Monetary Authority (HKMA) will introduce mandatory licensing for issuers of «stablecoins» during 2023-2024, in line with feedback received on the regulator's powers changes.

AI translated

ForkLog 11 27.01.2023

Moody’s to develop scoring system for stablecoins

Moody’s, the ratings agency, is developing a scoring system for “stablecoins.” It will be based on the assessment of the quality of reports confirming collateral, Bloomberg reports.

AI translated

ForkLog 11 26.01.2023

Study finds market share of algorithmic stablecoins fell tenfold

The share{{AOPEN_1}} of algorithmic stablecoins{{ACLOSE_1}} in the 'stablecoins' segment plummeted from 12.4% just before the TerraUSD crash in April 2022 to the current 1.71%. Such estimates were provided by CryptoCompare.

AI translated

#stablecoins