stablecoins | ForkLog

ForkLog 13 26.06.2021

The Fed calls the Tether stablecoin a ‘challenge’ to financial stability

The Tether stablecoin (USDT) threatens the stability of the financial system, says Boston Fed President Eric Rosengren.

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ForkLog 11 21.06.2021

Tether supply growth stalls as Bitcoin price falls

From June 2 to June 21, Tether (USDT) supply remained at around $64.4 billion, reflecting subdued demand for the stablecoin from clients.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 20 18.06.2021

Maps.me mapping app announces USDC support

The cryptocurrency company Circle announced a partnership with Maps.me, the startup behind the offline navigation service. Under the agreement, the platform will add support for the USD Coin (USDC) stablecoin.

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ForkLog 11 16.06.2021

BoE chief rejects parallels between bitcoin and money

Bitcoin has no intrinsic value, but stablecoins may occupy a niche in the financial system. This was stated by Bank of England Governor Andrew Bailey.

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ForkLog 16 07.06.2021

Bank of England weighs regulation of stablecoins

The Bank of England said that stablecoins should be subject to bank-payment rules.

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ForkLog 10 06.06.2021

G7 affirms requirements for regulating global stablecoins

No global stablecoin project should begin operations until full compliance with legal, regulatory and supervisory requirements. This was stated by the financial leaders of the G7.

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ForkLog 26 29.05.2021

Circle raises $440 million from FTX, DCG, Fidelity and other investors

The cryptocurrency company Circle closed a $440 million financing round. The investments came from FTX, Digital Currency Group, Fidelity Management, Valor Capital Group and other venture firms.

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ForkLog 11 28.05.2021

Bank of Japan governor criticises Bitcoin and backs stablecoins

Bitcoin trading is speculative in nature, and the asset is rarely used as a means of settlement. This was stated by Bank of Japan Governor Haruhiko Kuroda.

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ForkLog 16 27.05.2021

Glassnode: DeFi sector resists panic on May 19

The DeFi sector showed resilience during the May 19 crash and extreme gas prices. This manifested in high activity on the DEX, robustness of liquidation and arbitrage mechanisms, and the pegging of stablecoins, according to Glassnode analysts.

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ForkLog 15 27.05.2021

PayPal to enable withdrawal of cryptocurrencies to external wallets

PayPal will add the ability to withdraw cryptocurrencies to external wallets. This was stated by the company's vice president Jose Fernandez da Ponte at the Consensus online conference.

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ForkLog 20 26.05.2021

Stablecoin market capitalization has surpassed $100 billion

The combined market capitalization of stablecoins has surpassed the $100 billion mark. Since the start of the year, the figure has risen more than threefold.

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ForkLog 19 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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