stablecoins | ForkLog

ForkLog 18 20.01.2022

Terraform Labs to commit more than $4 billion to Terra ecosystem development

The Terra blockchain company Terraform Labs will provide funding of 50 million LUNA (over $4 billion) to the newly formed Luna Foundation Guard (LFG), a non-profit organisation. The latter will focus on developing the project's ecosystem and increasing the resilience of the Terra USD (UST) stablecoin.

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ForkLog 17 17.01.2022

US banking regulator sees potential for greater trust in stablecoins under proper oversight

Banking regulation can raise trust in stablecoins, said Michael Hsu, the acting head of the OCC within the U.S. Treasury.

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ForkLog 44 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).

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ForkLog 21 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.

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ForkLog 23 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.

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ForkLog 30 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.

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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.

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ForkLog 10 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%.

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ForkLog 20 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.

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ForkLog 44 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.

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ForkLog 18 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.

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ForkLog 13 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.

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