stablecoins | ForkLog

ForkLog 29 16.01.2022

USDC supply on Ethereum overtakes USDT for the first time

The total supply of the USD Coin (USDC) stablecoin from the Centre Consortium on the Ethereum blockchain has for the first time surpassed that of Tether (USDT).

AI translated

ForkLog 19 13.01.2022

Group of U.S. banks forms consortium to issue a stablecoin

A consortium of FDIC-insured financial institutions, the USDF Consortium, announced plans to build a network of banks to promote the stablecoin USDF issued by its members.

AI translated

ForkLog 16 08.01.2022

Bloomberg: PayPal weighs launching its own stablecoin

PayPal will study the possibility of launching a dollar-backed stablecoin, Bloomberg reports citing senior vice president Jose Fernandez da Ponte.

AI translated

ForkLog 22 04.01.2022

DeFi Chronicles 2021: Prospects for the ‘Financial LEGO’

ForkLog summarised the main aspects and trends in DeFi development in 2021, with a focus on the segment’s future prospects.

AI translated

ForkLog 5 29.12.2021

FTX to award $1 million to banks that add stablecoin support

FTX will allocate $1 million to incentivise regional banks to consider and agree to add a service for depositing and withdrawing funds in stablecoins.

AI translated

ForkLog 8 23.12.2021

NEAR token jumps 50% after Terra announces stablecoin integration

NEAR team announced the integration of Terra's algorithmic stablecoin UST. The platform's token price rose by more than 50%.

AI translated

ForkLog 14 16.12.2021

Fed signals three rate hikes in 2022 amid inflation risks

Following the December 14-15 meeting, the Fed pushed back the end of its asset purchases taper from June to March. The updated forecasts anticipate three rate hikes over the next two years.

AI translated

ForkLog 34 16.12.2021

Algorithmic Stablecoins: How Alternatives to USDT and USDC Are Evolving

ForkLog examined the features of various stablecoin technologies, weighing their strengths and weaknesses.

AI translated

ForkLog 11 15.12.2021

US Senate Holds Hearings on Stablecoins

Stablecoins are intended to address the volatility of cryptocurrencies, but they are not decentralised, and the activities of their issuers are not transparent, said Sherrod Brown, chair of the U.S. Senate Banking Committee.

AI translated

ForkLog 11 07.12.2021

Japan proposes limits on stablecoin issuance

The Japanese Financial Services Agency (FSA) proposed imposing caps and restricting the list of stablecoin issuers to banks and money-transfer services. Nikkei reports, citing sources.

AI translated

ForkLog 26 05.12.2021

LUNA hits new high as Terra DeFi inflows surge

The native token of the Terra protocol, LUNA, hit a price high above $78 on Binance. Prices peaked as funds flowed into the project’s ecosystem, with total value locked in DeFi apps surpassing $14 billion.

AI translated

ForkLog 15 24.11.2021

US Senate seeks details from stablecoin issuers on how their coins operate

The chair of the US Senate Banking Committee, Sherrod Brown, urged the leadership of Circle, Coinbase, Centre, Gemini, TrustToken and Binance.US to disclose information about their stablecoin-related business by December 3. Copies of the letters were obtained by The Block.

AI translated

#stablecoins