stablecoins | ForkLog

ForkLog 109 12.07.2025

Tether to Cease Support for Five ‘Legacy’ Blockchains

From September 1, Tether will halt the redemption of USDT on five networks—Algorand, Bitcoin Cash SLP, EOS, Kusama, and Omni Layer—and will freeze the remaining tokens. Tether to Wind Down USD₮ Support for Five Legacy Blockchains as Part of Strategic Infrastructure ReviewLearn more: https://t.co/MxVGdUnEhA — Tether (@Tether_to) July 11, 2025 “Ending support for these legacy […]

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ForkLog 100 10.07.2025

Circle Expands USDC Adoption with Bybit and Ant Group Partnerships

Circle, the issuer of the USDC stablecoin, has entered into a revenue-sharing agreement with the cryptocurrency exchange Bybit. Simultaneously, fintech giant Ant Group is preparing to integrate the asset into its own blockchain platform. Partnership with Bybit The terms of the deal with the exchange remain undisclosed. However, such agreements are part of Circle’s strategy […]

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ForkLog 101 10.07.2025

Monad Foundation Acquires Stablecoin Infrastructure Firm

The Monad Foundation has acquired Portal Labs, the company behind the Portal stablecoin infrastructure platform. The acquisition aims to integrate payment solutions into the Monad L1 blockchain. Portal’s CEO and co-founder, Raj Parekh, will join Monad Foundation as the head of transfers and “stablecoins.” Previously, he served as the director of global crypto products at […]

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ForkLog 29 09.07.2025

Ripple’s Stablecoin Capitalisation Surpasses $500 Million

The stablecoin RLUSD, issued by Ripple, has reached a capitalisation of over $500 million in seven months. Daily capitalisation chart of RLUSD. Data: CoinGecko. According to CoinGecko, the asset ranks among the top twenty dollar-pegged coins with a daily trading volume of $36.6 million. Additionally, Ripple has announced a partnership with Bank of New York […]

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ForkLog 33 08.07.2025

Hong Kong Crypto Firms’ Shares Surge Amid Regulatory Optimism

The shares of cryptocurrency companies in Hong Kong have risen, buoyed by investor optimism. Market participants anticipate the launch of a licensing system for stablecoin issuers. Shares of brokerage firm Guotai Junan International increased by 28%, according to Yahoo Finance. The stock of licensed crypto exchange OSL rose by 8%, while the shares of Dmall […]

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ForkLog 98 06.07.2025

Tether Dubbed ‘Money Launderer’s Dream Currency’ by Media

The founders of Tether may have envisioned USDT as a tool for financial inclusion and a gateway to the crypto market, but the stablecoin has ultimately facilitated the movement of funds beyond regulatory oversight, writes The Economist. The arrest of a courier carrying £250,000 by British police in November 2021 exposed a large-scale money laundering […]

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ForkLog 55 04.07.2025

US Lawmakers to Host ‘Crypto Week’

The US House of Representatives announced a ‘Crypto Week’ from July 14 to 18, during which three key digital asset bills will be considered. The initiative was proposed by Speaker Mike Johnson, Chairman of the Financial Services Committee French Hill, and Chairman of the Agriculture Committee Glenn Thompson. This move aims to implement President Donald […]

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ForkLog 52 27.06.2025

Grinex Responds to Financial Times Investigation on A7A5 Ruble Stablecoin

Representatives of the cryptocurrency exchange Grinex have responded to a Financial Times investigation regarding the circumvention of sanctions using the A7A5 ruble stablecoin. According to the publication, approximately $9.3 billion in A7A5 tokens passed through the platform over four months. In comments to ForkLog, the Kyrgyz crypto platform stated that transactions from CIS countries are […]

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ForkLog 55 26.06.2025

BIS Labels Stablecoins as ‘Unreliable Money’

Stablecoins fail to meet three key criteria: “unity,” “elasticity,” and “integrity,” according to a report by the Bank for International Settlements (BIS). The BIS described these assets as “digital bearer instruments,” which resemble financial assets more than money. Unlike central bank money, “stablecoins” are issued by private companies, and their value can fluctuate, violating the […]

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ForkLog 29 26.06.2025

Buterin-Backed Project Introduces Private Stablecoin Payments

The Privacy Pools project, focused on on-chain privacy, has added support for stablecoins USDT, USDC, and DAI. This will enable the use of these assets for private payments. ? Stablecoin privacy is almost here ? Privacy Pools is adding support for $USDT, $USDC, and $DAI — bringing stablecoin privacy to Ethereum. More assets. More privacy. […]

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ForkLog 74 25.06.2025

Fed Chair Backs Stablecoin Regulation in the US

Federal Reserve Chair Jerome Powell has expressed support for cryptocurrency bills currently under consideration by Congress. He stated that the country requires a regulatory framework for stablecoins. JUST IN: #Fed Chair #Powell says it’s “a great thing” that #stablecoin bills are moving forward. Adds: “We need a stablecoin framework.” https://t.co/knxhr4OVlm pic.twitter.com/hLsPKF28VJ — Roundtable Network (@RTB_io) […]

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ForkLog 37 25.06.2025

Flashnet to Introduce Bitcoin-Backed Stablecoin USDB

The decentralized exchange Flashnet has announced the launch of USDB, a native stablecoin based on the first cryptocurrency, pegged to the US dollar. BREAKING: Flashnet to launch first fully regulated Bitcoin stablecoin USDB. Issued by @brale_xyz, coming soon to @MEonBTC. The dollar is home on Bitcoin. pic.twitter.com/rD0xMz3rv7 — Flashnet (@flashnet) June 24, 2025 The asset […]

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