stablecoins | ForkLog

ForkLog 31 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.

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ForkLog 22 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.

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ForkLog 15 23.11.2021

Bank of America: Stablecoin Regulation as a Catalyst for Mass Adoption

A US Treasury report on the risks of stablecoins is an 'indicator of urgency' for regulating 'stablecoins', given their potential to become a viable method of payment. Bank of America (BofA) shares this view, according to CoinDesk.

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ForkLog 24 15.11.2021

Circle to launch stablecoin pegged to the Japanese yen

One of the operators of the USDC stablecoin, Circle, announced the launch of a stablecoin pegged to the Japanese yen through its venture arm Circle Ventures. As part of expanding its presence in Asia, the company will also open an office in Singapore, Bloomberg reports.

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ForkLog 20 12.11.2021

Circle backs regulation of stablecoin issuers as banks

The USDC stablecoin operator Circle backed the Biden administration's plan to regulate stablecoin issuers as banking institutions, according to Yahoo Finance.

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ForkLog 19 12.11.2021

Report: 55% of USDT issued in the interests of Alameda Research and Cumberland

An equivalent of $60.3 billion, or almost 55% of Tether's (USDT) market value, was issued by its issuer between 2014 and October 2021 at the request of market makers Cumberland Global and the Sam Bankman-Fried-connected Alameda Research. Such calculations were reported by Protos analysts.

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