stablecoins | ForkLog

ForkLog 29 28.11.2024

Tether to Cease Support for EURT

Tether will halt support for the euro-pegged stablecoin EURT due to low demand and tightening regulations in the EU. Tether’s decision to delist EURt has not been taken lightly, but until a more risk-averse regulatory framework in Europe is in place—one that fosters innovation, offers the stability and protection our users deserve and avoids potential […]

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ForkLog 57 26.11.2024

Binance to Launch BFUSD Margin Asset with Passive Income Potential

On November 27, Binance will introduce BFUSD—described as a “reward-bearing margin asset in [USDT].” This asset allows users to earn passive income through holding or trading futures based on it. Introducing BFUSD! Our new reward-bearing asset built for Futures users is available now. BFUSD purchase will open on Nov 27, 2am UTC. Try now ? […]

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ForkLog 25 26.11.2024

Ethereum Surpasses TRON in Tether Supply

Ethereum has regained its dominance in the supply of USDT stablecoins after TRON took the lead in August 2022, according to DeFi Llama. The blockchain of the second-largest cryptocurrency by market capitalization has issued tokens worth $60.3 billion, while its competitor’s network holds nearly $58 billion. Over the past month, the former figure increased by […]

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ForkLog 13 21.11.2024

Expert Identifies Catalyst for Bitcoin’s Surge to $100,000

An influx of $9.7 billion into stablecoins over the past 30 days will propel the price of the leading cryptocurrency to $100,000 by the end of November, according to Leon Waidmann, head of research at The Onchain Foundation. Stablecoin inflows to exchanges hit $9.7B in 30 days! The LARGEST monthly inflow EVER. Stablecoin liquidity is […]

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ForkLog 34 19.11.2024

Binance Responds to Comparisons Between Upcoming BUFSD and Terra’s UST

The soon-to-be-launched token BUFSD, which promises an annual yield of 19.55%, is not a stablecoin. Representatives from Binance clarified that the asset is a margin product with rewards for futures trading. BFUSD is not yet launched. To be clear, it is not a stablecoin but a reward-bearing margin asset for futures trading. We are glad […]

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ForkLog 12 18.11.2024

Matrixport Reports Doubling of Fiat Inflows into Stablecoins

In the past week, the volume of fiat inflows into stablecoins has nearly doubled compared to previous periods, according to analysts at Matrixport. #Matrixport Today ? — Nov 18: Record #Stablecoin Inflows Signal Strong #Crypto Demand#cryptomarket #MarketTrends #MarketInsights #CryptoInvesting #BTC pic.twitter.com/5IBTz4HFLL — Matrixport Official (@Matrixport_EN) November 18, 2024 Experts noted the seven-day asset issuance indicator, […]

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ForkLog 21 18.11.2024

Kraken and Tether Back Launch of EU-Regulated Stablecoins

The Dutch fintech firm Quantoz has announced the launch of two stablecoins compliant with MiCA regulations, following investments from Fabric Ventures, Kraken, and Tether. Quantoz Payments Issues Euro and US Dollar Stablecoins and receives an investment from Fabric Ventures, Kraken and Tether. Read the full press release with statements from @ahansjee (@fabric_vc), @marklg (@krakenfx), @paoloardoino […]

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ForkLog 16 05.11.2024

Analyst Highlights Growth in On-Chain Metrics for Bitcoin and Ethereum

A researcher from The Block, known by the pseudonym Lars, has shared a series of posts on X illustrating the growth of network metrics for stablecoins, the two most capitalized cryptocurrencies, NFTs, and other key market segments.

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ForkLog 31 05.11.2024

Paxos, Robinhood, and Kraken Collaborate to Promote USDG Stablecoin

Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood have joined forces to establish a “global dollar network.” [4/4] This is just the beginning. Join the new frontier: https://t.co/lKjnbabUaJ pic.twitter.com/ugHpsFJYZS — Paxos (@Paxos) November 4, 2024 The Global Dollar Network aims to accelerate the adoption of stablecoins worldwide. At its core is a “new, […]

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ForkLog 13 04.11.2024

Tether Explores USDT Gas Payment Mechanism

Various Layer 2 solutions are working to support USDT for gas payments, according to Paolo Ardoino, CEO of the stablecoin issuer Tether. I hear again few rumors about a Tether Chain.Tether is not planning to build an official blockchain at this time.Simply different independent L2 solutions are working to support $USDt for gas fees. — […]

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ForkLog 7 03.11.2024

Stablecoin Growth Insufficient to Boost Bitcoin, Says Expert

While the supply of stablecoins is on the rise, this factor alone is insufficient to significantly boost the price of the leading cryptocurrency. This view was expressed by CryptoQuant CEO Ki Young Ju, as reported by Cointelegraph. According to him, today “stablecoins” are primarily used for transfers or as a store of value in countries […]

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ForkLog 12 01.11.2024

Tether’s Net Profit Reaches $7.7 Billion in 2024

In the third quarter, Tether, the issuer of the USDT stablecoin, reported a net profit of $2.5 billion. Since the beginning of the year, this figure has reached $7.7 billion. Tether Hits $7.7 billion 2024 Nine-Month Profits, $102.5 billion in U.S. Treasury Holdings, Almost $120 billion USD₮ Circulation, and an Over $6 billion Reserve Buffer […]

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