stablecoins | ForkLog

ForkLog 42 05.03.2025

EU Regulator Confirms MiCA Does Not Ban USDT Transactions

The storage and transfer of stablecoins not compliant with MiCA do not violate EU laws, stated a representative of the ESMA in a comment to Cointelegraph. The regulator clarified the status of “stablecoins” following Binance’s announcement of delisting USDT and eight other assets within the EEA. ESMA explained that services related to the storage and […]

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ForkLog 38 03.03.2025

Binance to Delist USDT and Other Non-MiCA Compliant Stablecoins

Binance will cease support for nine stablecoins within the European Economic Area (EEA) due to the need to comply with MiCA regulations. On March 31, the platform will delist spot pairs with the following stablecoins: USDT; DAI; TUSD; USDP; FDUSD; AEUR; UST; USTC; PAXG. However, storage, deposits, withdrawals, and conversion of these coins will remain […]

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ForkLog 70 28.02.2025

Tether CEO: USDT as a Stepping Stone to a Bitcoin Standard

In the long term, the stablecoin USDT will become “useless,” and “the world will use only Bitcoin,” stated Tether’s CEO Paolo Ardoino on the Bitcoin Italia podcast. Ardoino believes the global financial system will face a crisis leading to the collapse of national currencies and hyperinflation. In such a scenario, he explained, only the first […]

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ForkLog 24 27.02.2025

Circle and Tether split over US stablecoin regulation

Circle and Tether executives have set out their views on US stablecoin regulation. The debate has prompted suspicions in the community that one of the firms is lobbying for its own interests in government circles. Building a regulatory framework for cryptocurrencies, including stablecoins, was one of US president Donald Trump’s campaign pledges. Work on stablecoin […]

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ForkLog 28 26.02.2025

Circle CEO Advocates for U.S. Registration of Stablecoin Issuers

Jeremy Allaire, founder and CEO of Circle, stated in an interview with Bloomberg the necessity for mandatory registration of dollar stablecoin issuers in the United States. He argued that the absence of such requirements creates unfair conditions and allows companies to circumvent American laws. Allaire emphasized that rules should be uniform for all market participants. […]

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ForkLog 91 26.02.2025

PayPal to Enhance PYUSD Stablecoin Features for Businesses

Payment giant PayPal plans to integrate its stablecoin PYUSD into more of its products for small and medium-sized businesses by the end of the year, according to Bloomberg. Michelle Gill, head of the company’s small business and financial services division, clarified that the goal is to simplify payments between more than 20 million entrepreneurs and […]

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ForkLog 50 24.02.2025

Infini Stablecoin Bank Hacked for $49.5 Million USDC

On February 23rd, the stablecoin bank Infini suffered a loss of $49.5 million USDC due to a hack. Analysts from Lookonchain pointed out the suspicious transactions. It seems that the stablecoin bank @0xinfini was hacked and 49.5M $USDC was stolen. The hacker swapped 49.5M $USDC for 49.5M $DAI and bought 17,696 $ETH. The 17,696 $ETH […]

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ForkLog 48 21.02.2025

Societe Generale Expands EURCV Stablecoin to Stellar Network

Forge, a subsidiary of Societe Generale regulated as a DASP, has added Stellar to the networks supported by its stablecoin, EUR CoinVertible (EURCV). The token was initially issued on Ethereum. This MiCA-compliant stablecoin is designed for TradFi. Stellar’s capabilities, including its built-in DEX and support for asset tokenization, will enable the integration of EURCV into […]

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ForkLog 32 20.02.2025

Ten Stablecoin Issuers Secure MiCA Licenses

Ten companies have received approval to issue stablecoins in the European Economic Area (EEA) under MiCA regulations. ???? 50-??? ?????? ??????: ???? ???? ?? ?????????? ?????????? ??????? & ??????? ????????? ?? 50 days after MiCA’s full entry into application, here’s where we stand according to the latest ESMA interim… pic.twitter.com/OG7WwMProh — Patrick Hansen (@paddi_hansen) February […]

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ForkLog 20 19.02.2025

Former Tether Director Launches New Stablecoin Venture

One of Tether’s co-founders and former director, Reeve Collins, is set to lead a new stablecoin initiative, Pi Protocol. The protocol and its token, USP, are slated for release on Ethereum and Solana in the latter half of 2025 or sooner, according to Bloomberg. “We view Pi Protocol as the evolution of ‘stablecoins’. Tether has […]

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ForkLog 15 14.02.2025

Tether CEO Challenges JPMorgan’s US Regulatory Analysis

Tether is confident in its “simple” adaptation to US stablecoin regulations and disagrees with JPMorgan analysts’ conclusions about the need to sell bitcoins. This was stated by USDT issuer’s CEO Paolo Ardoino to The Block. On February 13, bank specialists claimed that the company would face the necessity of selling bitcoins to comply with US […]

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ForkLog 22 13.02.2025

JPMorgan Outlines Conditions for Tether’s Compliance with US Regulations

Tether may need to sell its Bitcoin holdings to comply with proposed US stablecoin regulations, according to JPMorgan, as reported by The Block. Analysts estimate that only 66%-83% of USDT reserves meet the requirements. Data: JPMorgan. Data: JPMorgan. The experts’ conclusions are based on the proposed Stablecoin Transparency and Accountability for Better Economic Spreadsheet (STABLE) […]

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