stablecoins | ForkLog

ForkLog 17 18.04.2022

Terra’s UST surpasses Binance USD in market capitalization

The market capitalization of the algorithmic stablecoin Terra USD (UST) surpassed $17.53 billion, allowing the asset to overtake Binance USD (BUSD) and secure the third place in the ranking of stablecoins by market cap. Over the past 30 days its value has risen by almost 15%.

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ForkLog 7 15.04.2022

LFG reserves exceed 42,500 BTC

The nonprofit Luna Foundation Guard (LFG) slowed its pace of Bitcoin purchases after a broad market recovery, according to Arcane Research's report.

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ForkLog 16 14.04.2022

Terraform Labs donates 10 million LUNA to Luna Foundation Guard

Terraform Labs has transferred an additional 10 million LUNA, worth about $880 million, to the non-profit Luna Foundation Guard (LFG). The funds could be used to invest in Bitcoin to bolster the stability of the algorithmic stablecoin Terra USD (UST).

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ForkLog 18 13.04.2022

CoinGecko: Market pessimism has not affected stablecoins, Ethereum staking, or its DeFi rivals

Market weakness did not hinder growing interest in stablecoins, Ethereum staking, and DeFi protocols of its competitors. The findings come from CoinGecko's Q1 2022 report (ForkLog has it on hand).

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ForkLog 7 11.04.2022

Luna Foundation Guard buys 4,129 BTC

The non-profit Luna Foundation Guard (LFG) has added to its holdings by purchasing 4,129 BTC for $176 million. This was reported by Anthony Pompliano, co-founder of venture firm Morgan Creek Digital.

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ForkLog 9 08.04.2022

Near up 23% in a day amid rumors of stablecoin launch

The Near Protocol project's token rose by 22.7% in the last 24 hours. NEAR's market capitalization surpassed $12 billion.

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ForkLog 14 08.04.2022

OCC chief backs tighter regulation of stablecoin issuers

Issuers of “stablecoins” should be treated as depository institutions with mandatory deposit insurance. This view was expressed by the head of the OCC in the U.S. Treasury, Michael Hsu.

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ForkLog 20 08.04.2022

Frax Finance to create reserve crypto fund modeled on Terra

The Frax Finance platform of algorithmic stablecoins plans to acquire tokens worth billions of dollars to create a reserve fund backing the FRAX algorithmic stablecoin. The founder of the project, Sam Kazemian, told The Block.

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ForkLog 26 06.04.2022

Lightning Labs unveils protocol to issue stablecoins on the Lightning Network

The Lightning Labs team closed a $70 million Series B funding round. The proceeds will go toward developing the Taro protocol, which enables issuing assets, including stablecoins, on the Bitcoin network and using them in Lightning Network applications.

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ForkLog 12 05.04.2022

UK Treasury to legalise stablecoins and issue NFTs

The British Treasury has announced plans to legalise stablecoins and gradually recognise them as a lawful means of payment.

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ForkLog 14 05.04.2022

SEC Chief Calls for Tougher Oversight of Bitcoin Exchanges and Stablecoin Issuers

The SEC is considering tighter regulation of stablecoin issuers and restrictions on cryptocurrency exchanges as custodians and market makers, according to remarks by Gary Gensler, head of the SEC.

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ForkLog 25 30.03.2022

Fantom to launch algorithmic stablecoin USDB

The Fantom project announced the launch of its own stablecoin USDB with high-yield liquidity pools as collateral. The issuer will be Balance, an entity comprising some members of FantomDAO.

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