stablecoins | ForkLog

ForkLog 14 17.09.2021

US Treasury to require stablecoin issuers to ensure their tokens can be freely converted into fiat

Holders of stablecoins should have the ability to freely convert their tokens into the assets backing them. This requirement appears in recommendations to stablecoin issuers being developed by the U.S. Treasury, Bloomberg reports, citing sources.

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ForkLog 8 13.09.2021

Algorand blockchain to integrate e-Money stablecoins

The e-Money protocol announced an integration with Algorand to support its euro-backed stablecoins within the Algorand blockchain ecosystem.

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ForkLog 10 13.09.2021

US Treasury weighs threats and benefits of stablecoins in talks with banks

US Treasury officials discussed risks and benefits of stablecoins with representatives from the banking community and credit unions, Reuters reports, citing its own sources.

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ForkLog 9 09.09.2021

Opinion: The DeFi sector weathered volatility on September 7

Decentralised finance (DeFi) is increasingly resilient to market volatility. Coinbase developer Elias Simos, using data from Dune Analytics, demonstrated the sector's state in light of the September 7 dump. 7/ DeFi is getting better and better at stomaching aggressive volatility. I put together a dash that displays the metrics above granularly (activity in the last 24h to 48h). …

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ForkLog 14 06.09.2021

FCA warns of tougher regulation of the crypto industry

Regulators should strengthen consumer protection for those investing in cryptocurrencies who do not fully understand the associated risks, but must avoid going to extremes that would backfire, according to FCA head Charles Randell.

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ForkLog 12 03.09.2021

Lagarde rejects comparisons between stablecoins and currencies

All cryptocurrencies and stablecoins, including stablecoins, fall under the definition of speculative assets, and recognizing them as currencies is inappropriate. This view was outlined by Christine Lagarde, president of the European Central Bank (ECB).

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ForkLog 32 02.09.2021

Bloomberg Strategist: Rising USDT Transactions Boost the Dollar’s Value

Dollar-pegged stablecoins boost the value of the U.S. dollar, according to Bloomberg Intelligence senior commodities strategist Mike McGlone.

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ForkLog 15 02.09.2021

Gary Gensler backs harmonisation of crypto regulation

The head of the U.S. Securities and Exchange Commission (SEC), during a speech to the European Parliament, tried to outline the contours of globalisation of cryptocurrency markets.

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ForkLog 19 30.08.2021

USDC Issuer to Build a ‘Global Stablecoin Network’

The Circle-Coinbase consortium Centre has formed a team to extend the distribution of its standard-based stablecoins abroad.

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ForkLog 24 24.08.2021

Paxos renames Paxos Standard stablecoin to Pax Dollar

The company behind Paxos Standard (PAX), Paxos, renamed the stablecoin to Pax Dollar (USDP) to make it easier to identify with the U.S. dollar that underpins it.

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ForkLog 17 23.08.2021

USDC issuer to shift reserves into cash and U.S. Treasuries

The USD Coin (USDC) reserves from the Centre consortium, which includes Circle and Coinbase, will consist solely of cash and U.S. Treasury bills.

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ForkLog 12 19.08.2021

Fed says stablecoins threaten financial stability

Lack of transparency in stablecoins could threaten financial stability, officials from the U.S. Federal Reserve said at a meeting.

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