stablecoins | ForkLog

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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ForkLog 17 20.07.2021

Circle discloses details of USDC reserves

The majority of USDC stablecoins are backed by US dollars. The remaining coins are backed by bonds and other highly liquid assets.

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ForkLog 19 20.07.2021

US Treasury Secretary Janet Yellen Urges Swift Stablecoin Regulation

U.S. Treasury Secretary Janet Yellen urged swifter development of a regulatory framework for stablecoins at a PWG meeting.

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ForkLog 17 19.07.2021

Study: Stablecoins would bring the United States back to the 19th-century ‘wildcat banking’ era

If stablecoins are not regulated, they could replay the 19th-century United States era of 'wildcat banking'. This conclusion appears in the work of Yale economist Gary Gorton and Federal Reserve lawyer Jeffrey Zhang.

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ForkLog 16 17.07.2021

U.S. Treasury secretary to meet regulators to discuss stablecoins.

U.S. Treasury Secretary Janet Yellen announced the convening of the President’s Working Group on Financial Markets to discuss stablecoins by July 25.

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ForkLog 26 16.07.2021

Terra stablecoin developer Terraform Labs raises $150 million from Galaxy Digital, Pantera Capital and other investors

The Terra stablecoin developer Terraform Labs has raised $150 million from several major investors, including Arrington XRP Capital, Pantera Capital, Galaxy Digital and BlockTower Capital.

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ForkLog 17 15.07.2021

Fed chair: the emergence of a digital dollar would dent Bitcoin’s popularity

Fed Chair Jerome Powell questioned the need for stablecoins and cryptocurrencies after the emergence of a digital version of the dollar. The remarks came during Q&A with House lawmakers following his testimony on the state of the economy.

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ForkLog 16 08.07.2021

PBoC deems Bitcoin and stablecoins speculative instruments

Fan Yifei, deputy governor of the People's Bank of China, said that Bitcoin and stablecoins have become speculative instruments, posing risks to the security of the financial system and social stability.

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ForkLog 35 05.07.2021

Fitch analysts flag risks in the growth of stablecoin market capitalization

The growth in the issuance of not fully backed 'safe-asset' stablecoins could lead to breaches of financial stability and, as a result, tighter regulation. Such conclusions are contained in Fitch Ratings' note.

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ForkLog 12 05.07.2021

Wyoming recognises the first DAO in the United States

The American CryptoFed, the first decentralised autonomous organization (DAO) in the United States, has been granted legal entity status. The governor's office in Wyoming issued the corresponding order.

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ForkLog 18 01.07.2021

1inch Network to launch its own stablecoin

The DeFi project 1inch Network, in partnership with the ICHI platform, is launching a new internal-use stablecoin for the community — one1INCH. ForkLog has been informed of the development by project representatives.

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ForkLog 51 01.07.2021

Centre Consortium Launches USDC Stablecoin on the TRON Blockchain

Circle announced the launch of the Centre-created stablecoin USD Coin (USDC) on the TRON blockchain.

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