stablecoins | ForkLog

ForkLog 205 20.08.2022

What are stablecoins?

What underpins stablecoins’ prices? Which stablecoins are most popular? How do centralised stablecoins differ from algorithmic ones, and what are the pros and cons of each? ForkLog’s explainer breaks it down.

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ForkLog 9 19.08.2022

HUSD briefly loses dollar peg

On August 18, the price of the Stable Universal stablecoin HUSD fell to 92 cents due to liquidity problems. Huobi explained the incident's causes.

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ForkLog 13 18.08.2022

Acala team blocks 2.97 billion erroneously minted aUSD

The Acala parachain team in the Polkadot ecosystem has returned 2.97 billion aUSD stablecoins minted as a result of the exploit.

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ForkLog 92 15.08.2022

What is the USDC stablecoin?

What is USDC? How does it differ from other stablecoins? What assets back its reserves? We explain in brief.

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ForkLog 19 14.08.2022

AUSD stablecoin plunges to $0.05 after hacker attack

Unknown attackers targeted the Acala Network protocol built on Polkadot and minted more than 1.2 billion AUSD. As a result, the stablecoin price briefly fell to $0.05.

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ForkLog 16 11.08.2022

Stablecoins-based remittance and payments service to be launched in the Philippines

The Philippines-based Direct Agent 5 (DA5), which operates one of the country's largest networks of money-transfer points, together with Broxus, will launch a service for transactions using stablecoins.

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ForkLog 19 09.08.2022

Wintermute gains the right to issue USDD stablecoin

Market-maker Wintermute has become the ninth participant in the TRON DAO Reserve, the organisation behind the algorithmic stablecoin USDD, ForkLog reported.

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ForkLog 12 08.08.2022

Beanstalk Farms team restarts DeFi protocol four months after the hack

Beanstalk Farms developers have relaunched the Ethereum-based stablecoin protocol. They aim to return BEAN to a market capitalization of $100 million, reached on the eve of the April 17, 2022 hack.

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ForkLog 6 05.08.2022

Vitalik Buterin: Stablecoin issuers will determine the future of contentious Ethereum hard forks

Issuers of centralized stablecoins such as Tether (USDT) and USD Coin (USDC) will be able to determine which of the chains formed within contentious hard forks the community will adopt. This was stated by Ethereum co-founder Vitalik Buterin at the BUIDL Asia conference.

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ForkLog 10 04.08.2022

Frax Finance team proposes rejecting PoW-based Ethereum forks

The Frax Finance core development team has urged the community to refrain from launching the algorithmic stablecoin FRAX in potential Ethereum forks based on the {{AOPEN_1}}Proof-of-Work{{ACLOSE_1}} (PoW) algorithm.

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ForkLog 9 01.08.2022

Tether calls hedge-fund shorting of USDT ‘categorically erroneous’

Hedge funds that decided to open a short position in USDT after the Terra collapse, 'on a fundamental level do not understand the principles of how the cryptocurrency market and Tether operate,' the issuer of the stablecoin said.

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ForkLog 15 31.07.2022

Aave Community Approves Launch of GHO, a USD-Pegged Decentralized Stablecoin

The community of the DeFi protocol {{AOPEN_1}}Aave{{ACLOSE_1}} approved the launch of the USD-pegged decentralized stablecoin GHO within the project’s ecosystem.

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