stablecoins | ForkLog

ForkLog 9 09.04.2021

US intelligence warns of a murky future for fiat currencies

Stablecoins and privately issued digital currencies threaten the dollar and the currencies of US allies. This is the conclusion of the National Intelligence Council’s report.

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ForkLog 6 06.04.2021

Tech Mahindra to launch ‘stablecoin-as-a-service’ tool for banks

The Indian IT giant Tech Mahindra and the Dutch blockchain incubator Quantoz will develop a service aimed at financial institutions for integrating stablecoins.

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ForkLog 9 05.04.2021

FEI developers raise $1.3 billion as users incur losses

The creators of the algorithmic stablecoin FEI raised 639,000 ETH ($1.3 billion at the time of writing), and the FEI-ETH pool became the largest on Uniswap — $2.55 billion. The hype led to a misalignment in its system and 34% “paper” losses for participants in the issuance.

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ForkLog 11 01.04.2021

Bank of Russia proposes banning the use of stablecoins as a means of payment

The Bank of Russia is considering restricting the use of stablecoins in settlements on Russian territory, in line with cryptocurrencies, according to Ivan Zimin, director of the Bank of Russia's Department of Financial Technologies.

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ForkLog 16 30.03.2021

Independent auditor confirms Tether reserves fully back USDT

Moore Global's Cayman-based arm presented a conclusion on the sufficiency of Tether Holdings Limited's reserves to fully back the USDT stablecoin (USDT).

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ForkLog 12 30.03.2021

Minister: Britain will focus on regulating stablecoins, not Bitcoin.

Britain will focus primarily on regulating stablecoins, rather than the broader cryptocurrency market, the country’s Financial Services Minister said.

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ForkLog 7 29.03.2021

Stablecoins on crypto exchanges surpass $10 billion

On March 28, the aggregate amount of stablecoins held on cryptocurrency exchanges surpassed $10 billion for the first time, according to data from analytics firm CryptoQuant.

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ForkLog 12 29.03.2021

Visa to enable settlements in USDC stablecoin

Visa, the payments giant, and the crypto service Crypto.com have launched a pilot program to integrate settlements in USD Coin (USDC) from the Centre consortium.

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ForkLog 12 20.03.2021

USDC market supply tops $10bn

The total market value of the USD Coin (USDC) stablecoin from the Centre consortium has surpassed the $10bn mark.

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ForkLog 12 19.03.2021

Thai central bank to regulate stablecoins

By the end of 2021, the Bank of Thailand plans to adopt rules on stablecoins, according to the assistant to the bank's head. Reuters reports.

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ForkLog 12 18.03.2021

Major French retailer to launch euro-backed stablecoin

The Paris-listed retailer Groupe Casino will issue a euro-backed stablecoin Lugh (EURL) on the Tezos blockchain, according to journalist Grégory Raymond.

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ForkLog 9 17.03.2021

Visa chief reveals details of the company’s crypto strategy

Visa, the payments company, has set itself the goal of leveraging opportunities related to new technologies and methods of transferring funds. This was stated by its chief Alfred Kelly in a Fortune podcast.

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