stablecoins | ForkLog

ForkLog 23 21.01.2021

USDC and BUSD issuance growth outpaces Tether’s USDT

Since September 2020, the growth rate of Tether's (USDT) supply was 82%. In the same period, USD Coin (USDC) grew by 243%, and Binance USD (BUSD) by 512%. This is stated in the Arcane Research report.

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ForkLog 10 15.01.2021

Jerome Powell says regulating stablecoins is a Fed priority

Regulating stablecoins is more important than issuing a US digital dollar, said Federal Reserve Chair Jerome Powell during an online conference at Princeton University.

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ForkLog 15 09.01.2021

UK proposes regulation of stablecoins

The UK Treasury has begun consultations on regulating cryptocurrencies and stablecoins. The department proposes regulating the industry in line with traditional financial services.

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ForkLog 18 30.12.2020

GMO Internet wins New York license to issue stablecoins

The Japanese internet company GMO has received a license from the New York State Department of Financial Services (NYDFS) to issue stablecoins pegged to the Japanese yen and the US dollar.

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ForkLog 17 24.12.2020

U.S. President’s Working Group on Financial Markets outlines recommendations for stablecoin regulation

Stablecoins may be deemed securities, commodities or derivatives and fall under applicable regulatory regimes. This view was stated by the President’s Working Group on Financial Markets (PWG).

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ForkLog 24 23.12.2020

Stablecoin transaction volume surpassed $1 trillion

The total on-chain value transferred using stablecoins surpassed $1 trillion in 2020, according to The Block.

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ForkLog 9 11.12.2020

JPMorgan Conducted Test Intraday Repo Using JPM Coin on Upcoming Blockchain App

JPMorgan Chase conducted an intraday repo trade on an upcoming blockchain application. The calculations used the bank's developing stablecoin JPM Coin, according to a press release.

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ForkLog 15 10.12.2020

One of Europe’s oldest banks issues EURB stablecoin on the Stellar network

The German bank Bankhaus von der Heydt (BVDH), which has operated since 1754, in partnership with tokenization technology provider Bitbond, issued the euro-backed stablecoin EURB on the Stellar network.

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ForkLog 13 09.12.2020

USDC market capitalization tops $3 billion

The total market value of USDC in circulation rose above $3 billion, five times higher than at the start of the year.

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ForkLog 8 07.12.2020

Stablecoin capitalization tops $25 billion

The total market capitalization of the five most popular stablecoins surpassed $25 billion. This accounts for 4.3% of the overall cryptocurrency market cap, according to CoinGecko.

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ForkLog 8 07.12.2020

US lawmakers urge ban on banks holding stablecoin collateral

The Biden administration should withdraw the OCC decisions, as part of the Treasury, regarding cryptocurrencies and stablecoins. The statement was issued by U.S. Representative Maxine Waters, The Block reports.

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ForkLog 15 03.12.2020

US lawmakers propose regulation of stablecoins

A bill has been introduced in the U.S. Congress requiring stablecoin issuers to obtain banking licenses and regulatory approval. The initiative is led by a group of lawmakers headed by Democratic Representative Rashida Tlaib.

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