stablecoins | ForkLog

ForkLog 239 24.06.2025

Turkey Imposes Limits on Stablecoin Transfers and Withdrawal Delays

Turkey’s Ministry of Finance has drafted stringent regulations for cryptocurrency transactions to combat money laundering and financial crimes, as reported by local media. Crypto platforms will be required to collect detailed information on the origin and purpose of each transfer. Users must provide a transaction description of at least 20 characters for each operation. In […]

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ForkLog 48 24.06.2025

Circle’s Market Capitalisation Surpasses USDC’s Valuation

As of the trading session on June 23, Circle’s market capitalisation rose to $63.9 billion, surpassing the market supply of its flagship product, the USDC stablecoin. The company’s shares gained approximately 10% in a day. The stock price peaked at $298 but closed at $263.5. Source: Yahoo Finance. On June 5, Circle went public. During […]

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ForkLog 37 24.06.2025

South Korea Proposes Replacing Dollar with Stablecoins

South Korea’s new administration plans to permit the issuance of stablecoins pegged to the national currency. This move aims to bolster the country’s independence from foreign assets, reports The Block. Min Byung-duk, a lawmaker responsible for digital assets in President Lee Jae-myung’s campaign team, has already proposed a bill for licensing stablecoin issuers. According to […]

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ForkLog 15 20.06.2025

South Korea Considers Approval of Spot Crypto ETFs

South Korean authorities have unveiled a roadmap for the approval of spot cryptocurrency ETFs, according to local media. Following these reports, the Financial Services Commission (FSC) clarified that details are yet to be finalized. According to media sources, the FSC has sent a document to the Presidential Policy Planning Committee. Measures for launching crypto ETFs […]

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ForkLog 87 19.06.2025

Elastos Launches Bitcoin-Backed Stablecoin

BTCFi project Elastos has introduced BTCD, a stablecoin backed by the leading cryptocurrency.

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ForkLog 58 18.06.2025

Analysts Estimate 99% of Stablecoin Transactions as Legitimate

Over 99% of stablecoin transactions in 2024 were legitimate, according to a blog by TRM Labs. Despite their predominantly legal use, stablecoins accounted for 60% of illegal transaction volume in the first quarter of 2025. Experts noted their use in money laundering, terrorism financing, and fraud. TRM Labs highlighted the GENIUS Act, a bill passed […]

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ForkLog 67 18.06.2025

Experts warn of a stablecoin bubble

The successful flotation of Circle will mark the start of a “stablecoin mania”, but most new issuers will fail, said former BitMEX CEO Arthur Hayes. IPO under the ticker CRCL took place on June 5. Investors valued the company at $6.9 billion. On the first day of trading, the shares rose 168% — from $31 […]

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ForkLog 31 16.06.2025

Circle CEO Foresees Imminent Stablecoin Revolution

Stablecoins are on the brink of a technological revolution, according to Circle CEO Jeremy Allaire. The highest utility form of money ever created. And we are not quite yet at the iPhone moment when developers everywhere realize the power and opportunity of programmable digital dollars on the Internet in the same way they saw the […]

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ForkLog 71 13.06.2025

Circle Launches USDC on Ripple’s XRP Ledger

Ripple and Circle, the company behind USDC, announced a partnership to support the stablecoin on the XRP Ledger (XRPL). According to the statement, the initiative aims to “enhance the utility of the ledger, expand on-chain liquidity, and open new avenues for innovation.” “Stablecoins are key entry points connecting TradFi markets with the crypto space, which […]

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ForkLog 69 12.06.2025

Plasma Stablecoin Project Secures $1 Billion in 30 Minutes

Backed by Bitfinex, the Plasma project has increased its deposit limit in stablecoins to $1 billion, a threshold reached in just 30 minutes. Today we raised the deposit cap to $1 billion, which filled within ~30 minutes. One of our main goals for the XPL sale is broad participation. After the initial deposit period, we […]

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ForkLog 46 12.06.2025

Circle Launches USDC on World Chain Network

Circle, the company behind the second most popular stablecoin USDC, has launched the asset on Sam Altman’s World project network. Project representatives stated that around two million users of the World App wallet already possessed the “bridged” version of USDC, which has now been upgraded to a native version. The company has also deployed the […]

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ForkLog 38 10.06.2025

Societe Generale’s Subsidiary Launches MiCA-Compliant Stablecoin

Societe Generale’s crypto asset division, SG-FORGE, has announced the launch of a new stablecoin, USD CoinVertible (USDCV). The asset will be available on the Ethereum and Solana networks. The Bank of New York Mellon (BNY) will act as the custodian of the reserves. USD CoinVertible is SG-FORGE’s second stablecoin. In April 2023, the company released […]

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