stablecoins | ForkLog

ForkLog 11 02.06.2022

Justin Sun explains TRON’s USDD collateral model

The TRON team has learned lessons from {{AOPEN_1}}the Terra ecosystem collapse{{ACLOSE_1}}, so the algorithmic stablecoin USDD will not repeat the fate of its predecessor.

AI translated

ForkLog 8 01.06.2022

UK proposes measures to guard against a stablecoin crash

Her Majesty's Treasury has published for public consultation a document introducing additional safeguards against the collapse of stablecoins.

AI translated

ForkLog 83 27.05.2022

Tether launches USDT stablecoin on Polygon

Tether announced the launch of the USDT stablecoin on the Polygon layer-2 network.

AI translated

ForkLog 11 27.05.2022

Vitalik Buterin lists signs of resilient algorithmic stablecoins

Despite the collapse of TerraUSD (UST) and the market's 'multitude of imperfect' stablecoins, the industry should not abandon projects in this category, says Ethereum founder Vitalik Buterin.

AI translated

ForkLog 19 26.05.2022

Tether launches MXNT stablecoin pegged to the Mexican peso

Tether, the issuer of the largest-stablecoin by market capitalization, launched the MXNT stablecoin pegged to the Mexican peso.

AI translated

ForkLog 15 24.05.2022

Muse frontman invests in Pebble, a crypto startup

The frontman of the British rock band Muse, Matthew Bellamy, has invested in Pebble, which has raised $6.2 million in seed funding.

AI translated

ForkLog 17 23.05.2022

USDT holders have withdrawn $10 billion into fiat since the start of May

Since the start of May, Tether Holdings Limited has redeemed tokens from USDT holders worth $10 billion. The Guardian reports this.

AI translated

ForkLog 14 23.05.2022

Circle begins weekly reporting on USDC reserves

Circle, the operator of the second-largest stablecoin USD Coin (USDC), published reserve data. The firm intends to disclose information weekly, its chief executive Jeremy Allaire said.

AI translated

ForkLog 9 20.05.2022

Fed vice-chair candidate urges regulation of stablecoins

The nominee for the position of vice chair of the Fed, Michael Barr, at a Senate hearing, highlighted the importance of creating a regulatory framework for stablecoins. If confirmed to the post, he would focus on banking regulation tasks.

AI translated

ForkLog 11 20.05.2022

Tether CTO labels TerraUSD a poorly designed product

Tether's Chief Technology Officer Paolo Ardoino compared the algorithmic stablecoin TerraUSD (UST) to a 'house of cards' that was due to collapse at any moment. In his words, the project was simply 'badly designed'.

AI translated

ForkLog 9 20.05.2022

G7 urges faster regulation of cryptocurrencies after TerraUSD collapse

FSB should accelerate the development of digital asset regulation. The request is contained in the communique from the G7 finance ministers' meeting, Reuters reports.

AI translated

ForkLog 17 19.05.2022

Tether trims USDT collateral in commercial paper by 17%

In the first quarter of 2022, the issuer of the stablecoin USDT—Tether Holdings Limited—reduced its reserves in commercial paper by 17%. By the end of the second quarter the company planned to reduce the collateral in these assets by a further 20%.

AI translated

#stablecoins