stablecoins | ForkLog

ForkLog 25 10.01.2025

MiCA will boost euro-denominated stablecoins, says JPMorgan

The Markets in Crypto-Assets (MiCA) rules that took effect in the EU on 30 December 2024 have laid the groundwork for growth in euro-denominated stablecoins, according to a JPMorgan report, CoinDesk reported. Under the law, only compliant stablecoins may be used as trading pairs on regulated markets. As a result, EU-based platforms have adjusted their […]

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ForkLog 68 07.01.2025

Ripple partners with Chainlink to accelerate RLUSD’s push into DeFi

Ripple has partnered with the decentralised oracle network Chainlink to speed the integration of the RLUSD stablecoin into DeFi.

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ForkLog 91 04.01.2025

Ethena plans Telegram integration and a new token launch

Ethena will launch a new stablecoin, iUSDe, for institutional players and a Telegram-based payments app, according to the project’s founder, known as G. https://t.co/01TIlgj1DT — G | Ethena (@leptokurtic_) January 3, 2025 The team plans to roll out these initiatives in the first quarter of 2025, marking the start of Ethena’s evolution into a “neobank”. […]

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ForkLog 305 31.12.2024

Coinbase’s Advantage and Traders’ Revenue Decline Amid Potential USDT Ban in the EU

Cryptocurrency exchanges registered in the EU are gradually phasing out the stablecoin USDT as the MiCA regulation comes into effect, given that its issuer, Tether, has yet to obtain the necessary license. Experts consulted by ForkLog suggest that Coinbase could emerge as the primary beneficiary of this market shift. Its partner company, Circle, already holds […]

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ForkLog 26 31.12.2024

USDT Market Capitalisation Declines Amid MiCA Implementation

On December 30, the EU’s MiCA regulation for digital assets came into effect. The market capitalisation of the leading stablecoin USDT declined from over $141 billion in mid-month to approximately $137.5 billion. The new rules impose stringent requirements on stablecoin issuers, including licensing, reserve standards, and liquidity norms. Agne Linge from WeFi commented to The […]

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ForkLog 15 30.12.2024

Tether CEO Criticizes MiCA as a ‘Gift to Banks’

The current draft of the MiCA law in the EU is described as a “massive gift” to the traditional banking system, according to Paolo Diomede from The Graph. MiCA is nothing but a massive gift to the traditional banking system. Forcing stablecoin issuers to hold >30% of their liquidity in banks only ensures more profits […]

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ForkLog 48 27.12.2024

USDT’s Legal Status Under MiCA Remains Uncertain

The lack of clear guidance from officials leaves the future of the USDT stablecoin in the EU ambiguous following the full implementation of the MiCA legislation. This was stated by Juan Ignacio Ibañez, a member of the MiCA Crypto Alliance’s technical committee, in an interview with Cointelegraph. “No regulator has explicitly stated that USDT does […]

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ForkLog 13 27.12.2024

Brazil’s Potential Ban on USDT Transfers to Non-Custodial Wallets Sparks Industry Reaction

The Bank of Brazil’s proposed ban on stablecoin transfers to non-custodial wallets could drive a shift towards decentralization, according to Cointelegraph, citing industry representatives. On November 29, the regulator proposed banning transfers of foreign currency-denominated stablecoins to non-custodial wallets. The document is open for public consultation until February 28, 2025. The use of stablecoins in […]

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ForkLog 27 25.12.2024

Kaiko Highlights 2024 in Ten ‘Best Charts’

Kaiko described 2024 as a landmark year for cryptocurrency markets, summarizing it through ten charts. Bitcoin’s Path to $100,000 The market strengthened following the launch of BTC-ETF, with the fourth halving proceeding without surprises. Waves of billion-dollar liquidations did not overshadow the success of digital gold. The price increase since the beginning of the year […]

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ForkLog 17 24.12.2024

SpaceX Utilises Stablecoins to Mitigate Currency Risks, Says Expert

Elon Musk’s company SpaceX employs stablecoins to avert currency risks, according to Chamath Palihapitiya, founder of Social Capital, during the All-In podcast.

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ForkLog 24 17.12.2024

Tether Invests in StablR to Boost Stablecoin Adoption in Europe

Tether, the issuer of USDT, has invested an undisclosed sum in the European stablecoin provider StablR as part of its strategy to promote asset adoption in the EU. Tether Invests In StablR To Promote Stablecoin Adoption In EuropeRead more: https://t.co/y8HtQXEwjR — Tether (@Tether_to) December 17, 2024 “The European stablecoin market, with a capitalization of $400 […]

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ForkLog 43 16.12.2024

Ethena Introduces Stablecoin Backed by BlackRock’s BUIDL

Ethena Labs, the issuer of USDe, has launched the stablecoin USDtb in collaboration with Securitize, a platform specializing in the tokenization of real-world assets (RWA). Today we are launching our new stablecoin product, USDtb, backed by @BlackRock‘s BUIDL Fund in partnership with @Securitize Read below for full details? pic.twitter.com/mSf3mWv3oF — Ethena Labs (@ethena_labs) December 16, […]

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