stablecoins | ForkLog

ForkLog 16 25.05.2021

USDT market cap tops $60 billion amid extreme market volatility

Against the backdrop of a cryptocurrency market downturn, Tether's (USDT) market capitalization rose above $60 billion. Over the year the metric has grown by nearly sevenfold.

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ForkLog 9 24.05.2021

USDC market capitalization surpasses $20 billion

USDC market capitalization of the USD Coin (USDC) from the Centre consortium rose above $20 billion. Since January 2021 the figure has risen sixfold.

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ForkLog 8 21.05.2021

Bank of Canada warns of high risks in Bitcoin and Ethereum investments

Cryptocurrencies are high-risk assets with an undetermined intrinsic value. This warning is contained in the Bank of Canada's annual review of vulnerabilities and risks in the financial sector.

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ForkLog 10 19.05.2021

Users report outages on Bitcoin exchanges amid market rout

The sharp fall in crypto prices spurred a surge in investor activity, overwhelming exchange capacity and causing outages.

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ForkLog 9 17.05.2021

Tether to add Avalanche blockchain support

The issuer of the USD-pegged stablecoin USDT, Tether, announced support for the Avalanche blockchain.

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ForkLog 14 13.05.2021

Cash and cash equivalents accounted for 76% of USDT reserves

Cash and cash equivalents accounted for 76% of Tether Holdings Limited's reserves as of March 31, 2021.

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ForkLog 18 06.05.2021

Tala teams up with Visa and Circle to let customers pay with USDC

The fintech startup Tala, in partnership with Visa, will offer customers the ability to use the USD Coin (USDC) stablecoin to pay for goods and services.

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ForkLog 6 03.05.2021

Media reports that PayPal plans to launch its own stablecoin

The payments giant PayPal is reportedly considering launching its own stablecoin. The Block reports, citing sources familiar with the situation.

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ForkLog 7 26.04.2021

Tether marketisation tops $50 billion

The market capitalisation of the dollar-pegged stablecoin Tether (USDT) surpassed $50 billion, having risen by more than $10 billion over the past month.

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ForkLog 13 21.04.2021

Media: Diem to launch pilot stablecoin by year-end

The Facebook-backed Diem project (formerly Libra) plans to launch in 2021 a pilot for a digital currency pegged to the US dollar, CNBC reports citing its own source.

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ForkLog 8 20.04.2021

Tether launches USDT on the Ethereum-based Hermez Network protocol with ZK-Rollups support

Tether launched the USDT stablecoin on the Ethereum-based Hermez Network solution, built on ZK-Rollups scaling technology.

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ForkLog 9 19.04.2021

China proposes treating Bitcoin as an investment instrument

Cryptocurrencies, such as Bitcoin, should be viewed as alternative investments. This was stated by Li Bo, deputy governor of the People's Bank of China (PBoC), during the Boao Forum for Asia, according to journalist Colin Wu.

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