stablecoins | ForkLog

ForkLog 14 14.12.2022

Net outflow of stablecoins from Binance over 24 hours reaches $3 billion

The world's largest crypto exchange, Binance, saw more than $7 billion in stablecoins withdrawn in 24 hours.

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ForkLog 13 13.12.2022

Jewel Bank to issue stablecoin on Polygon

The Bermuda-based Jewel Bank will issue a US dollar-denominated stablecoin, Jewel USD (JUSD), on the {{AOPEN_1}}Polygon{{ACLOSE_1}} blockchain.

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ForkLog 16 13.12.2022

Binance resumes USDC withdrawals

The cryptocurrency exchange Binance paused withdrawals of the USD Coin (USDC) stablecoin on the Tron, BNB Chain and Ethereum networks. The restrictions did not affect USDT and BUSD.

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ForkLog 9 12.12.2022

Justin Sun boosts USDD backing as dollar peg weakens

On December 12, the USDD price fell to $0.97 — the lowest since June. Justin Sun, co-creator of the algorithmic stablecoin, and founder of the TRON Foundation, reminded that the asset is over-collateralized (200%), and related transactions can be monitored on a blockchain explorer.

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ForkLog 15 08.12.2022

WAVES Falls 12% as USDN Loses Peg to the US Dollar

Against the backdrop of the algorithmic stablecoin Neutrino USD (USDN) losing parity with the US dollar, the Digital Asset Exchange Alliance (DAXA) issued a warning to investors about risks associated with the Waves platform.

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ForkLog 13 08.12.2022

Japanese financial regulator recommends restricting algorithmic stablecoins

The Japanese Financial Services Agency (FSA) has recommended restricting the use of algorithmic stablecoins within the country, deputy foreign minister Tomoko Amaya said.

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ForkLog 9 06.12.2022

Tether launches CNH₮ stablecoin pegged to offshore yuan on the TRON network

Tether released CNH₮ on the TRON blockchain, pegged to the offshore Chinese yuan.

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ForkLog 6 05.12.2022

Charles Hoskinson backs algorithmic stablecoins

Founder of Cardano, Charles Hoskinson, called algorithmic stablecoins "the gold standard of the digital age".

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ForkLog 14 02.12.2022

Tether calls WSJ article on USDT lending ‘hypocrisy’

The issuer Tether (USDT) called the WSJ article dedicated to the stablecoin 'hypocrisy of the media, asleep at the wheel' by journalists noting that the company increasingly issues loans in the stablecoin, which could lead to a crisis in the event of a bank run.

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