stablecoins | ForkLog

ForkLog 9 19.08.2021

David Marcus says Novi digital wallet ready for launch

David Marcus, head of Facebook's payments division, criticised the existing US financial infrastructure and said the Novi digital wallet is ready to launch.

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ForkLog 14 17.08.2021

Facebook to drop Diem in favour of third-party stablecoins

Novi Financial, the company behind the Diem project (formerly Calibra), is considering the possibility of collaborating with third-party stablecoin issuers.

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ForkLog 14 13.08.2021

Media: Alameda Research and Cumberland Take the Lion’s Share of USDT Issuance

More than two-thirds of the total USDT supply issued by Tether was purchased by two cryptocurrency firms — Alameda Research and Cumberland Global. According to the Protos portal, citing its own sources.

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ForkLog 27 11.08.2021

Gemini acquires Guesser, a decentralized prediction platform

The Winklevoss twins' cryptocurrency exchange Gemini has acquired the decentralized prediction platform Guesser.

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ForkLog 23 09.08.2021

Report: Nearly 50% of USDT backing by Tether consists of commercial paper

As of July 30, 2021, the stablecoin USDT was 100% backed by reserves of Tether Holdings Limited, Moore Cayman confirmed in a new report.

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ForkLog 8 06.08.2021

Huobi stablecoin issuer says 100% cash backing

The reserves backing the HUSD stablecoin are fully comprised of cash held in U.S. money-market deposit accounts, according to its issuer Stable Universal.

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ForkLog 9 06.08.2021

Expert predicts stablecoins market to reach $1 trillion by 2025

The capitalisation of stablecoins is expected to rise from the current $115 billion to $1 trillion by 2025, and existing regulatory uncertainty will not derail it. The forecast, in an interview with Business Insider, was given by an early crypto enthusiast and the head of the decentralised domain registrar Unstoppable Domains, Matthew Gould.

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ForkLog 13 06.08.2021

Fed governor doubts the advisability of issuing a digital dollar

The U.S. authorities should launch CBDC only in the event of a significant market disruption. This view was expressed by Federal Reserve Board member Chris Waller in an interview with the American Enterprise Institute.

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ForkLog 10 04.08.2021

Global precious metals retailer Kitco to launch gold-backed stablecoin

The Canadian company Kitco, a global retailer of precious metals, announced the launch of a gold-backed stablecoin. CoinDesk reports, citing the firm's press release.

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ForkLog 15 30.07.2021

US to weigh ban on certain stablecoins

The U.S. Treasury could ban certain stablecoins. The proposals are included in a House of Representatives bill to create a comprehensive regulatory framework for regulating the digital assets market.

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ForkLog 13 22.07.2021

Paxos reveals backing for PAX and BUSD stablecoins

US-dollar–pegged stablecoins from Paxos are fully backed by cash and cash equivalents, as well as U.S. Treasury securities. This was stated by the company's general counsel, Dan Burstein.

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ForkLog 13 21.07.2021

Bitstamp announces listing of Tether’s EURt stablecoin

The oldest European cryptocurrency exchange, Bitstamp, opened deposits for Tether’s EURt stablecoin, fully backed 1:1 by euros, amid strong client demand.

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