stablecoins | ForkLog

ForkLog 19 15.02.2023

Opinion: Pressure on BUSD does not pose risks to other stablecoins

Regulators are not targeting all 'stablecoins', applying harsh measures against Paxos, the issuer of Binance USD (BUSD). This was stated by Marcus Tillen, head of research at Matrixport's crypto-financial services division.

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ForkLog 18 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.

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ForkLog 12 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.

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ForkLog 13 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.

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ForkLog 25 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.

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ForkLog 11 09.02.2023

Aave developers launch GHO stablecoin on Goerli testnet

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

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ForkLog 12 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.

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ForkLog 16 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.

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ForkLog 29 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).

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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.

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ForkLog 17 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.

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ForkLog 16 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.

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