stablecoins | ForkLog

ForkLog 11 07.11.2022

Circle to add Solana support for Euro Coin

Circle announced plans to support the Euro Coin (EUROC) stablecoin on the Solana blockchain in the first half of 2023.

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ForkLog 11 04.11.2022

Circle shifts part of USDC reserves into a BlackRock-managed fund

Circle has begun transferring reserves of the USD Coin (USDC) stablecoin into a special fund created by BlackRock and registered with the U.S. Securities and Exchange Commission.

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ForkLog 6 02.11.2022

Report: Stablecoins are increasingly used in DeFi services

Stablecoins have become more actively used as collateral in lending protocols.

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ForkLog 14 27.10.2022

Sam Bankman-Fried signals possible launch of FTX stablecoin

FTX chief Sam Bankman-Fried told The Big Whale in an interview that the crypto exchange is working on its own stablecoin.

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ForkLog 14 26.10.2022

MAS proposes tighter oversight of the crypto industry

The Monetary Authority of Singapore (MAS) presented two consultative documents aimed at reducing potential consumer harm from the volatility of the cryptocurrency market.

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ForkLog 8 26.10.2022

Laguna Labs launches a testnet for a flatcoin pegged to inflation

The Laguna Labs team launched a testnet for Nuon — a decentralised token pegged to changes in the cost of the consumer basket.

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ForkLog 13 25.10.2022

NEAR Foundation to discontinue support for the USN stablecoin

The NEAR Foundation's USN stablecoin project will wind down due to multiple risks.

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ForkLog 18 21.10.2022

FDIC chief expresses cautious optimism about the use of stablecoins in payments

Stablecoins as a means of payment deserve consideration; the FDIC is looking to gather more information for proper regulation of banks with respect to crypto assets. This was stated by the acting head of the agency, Martin Gruenberg.

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ForkLog 6 19.10.2022

US congressman questions speed of stablecoin legislation

The bill to regulate stablecoins will not be passed soon due to upcoming elections to the U.S. Congress. This view was expressed by Representative Jim Himes in an interview with CoinDesk.

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ForkLog 15 17.10.2022

Kevin O’Leary forecasts Bitcoin rally after stablecoin regulation bill passes

Investor and Shark Tank star Kevin O’Leary stated that the price of the leading cryptocurrency would resume its rise after the passage of the bill regulating stablecoins.

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ForkLog 7 14.10.2022

Congress Signals Tough Debates Over Stablecoins Law

Cross-party cooperation in developing a comprehensive federal law on stablecoins in the United States deserves praise, but the negotiations ahead will be tough. This was stated by one of its authors, Representative Patrick McHenry, according to Cointelegraph.

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ForkLog 11 14.10.2022

Tether Limited wipes out commercial-paper exposure in USDT reserves

The issuer of the USDT stablecoin — Tether Limited — has completely abandoned commercial paper in its reserves, replacing them with US Treasury bills.

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