stablecoins | ForkLog

ForkLog 30 24.06.2024

Tether Halts USDT Issuance on EOS and Algorand

From June 24, 2024, Tether will cease the issuance of its stablecoin USDT on the EOS and Algorand blockchains. Tether Announces Strategic Transition to Prioritize Community-Driven Blockchain SupportRead more: https://t.co/UCL1MJt2WO — Tether (@Tether_to) June 24, 2024 “Tether will continue to redeem USDT on EOS and Algorand as usual for the next 12 months,” the statement […]

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ForkLog 17 18.06.2024

Regulatory Era: EU to Exclude Stablecoins, South Korea Targets Altcoins

The cryptocurrency exchange Uphold will delist USDT and five other stablecoins for Europeans under MiCA. The South Korean regulator has mandated a review of 600 altcoins listed on licensed trading platforms in the country. Starting July 1, the cryptocurrency exchange Uphold will cease support for stablecoins USDT, DAI, FRAX, GUSD, USDP, and TUSD for users […]

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ForkLog 48 17.06.2024

Stablecoins: A Solution to the US Debt Dilemma?

The adoption of dollar-pegged stablecoins could bolster the appeal of the American currency and alleviate the burgeoning national debt issue, according to former Speaker of the US House of Representatives, Paul Ryan, as reported. In his article for the WSJ, the politician highlighted that the growth of the stablecoin market could generate demand for US […]

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ForkLog 25 17.06.2024

Tether Introduces Gold-Backed Digital Asset in Alloy Series

Tether, the issuer of USDT, has introduced the aUSDT token, backed by Tether Gold (XAUT), as part of its Alloy series of “pegged assets.” According to the press release, aUSDT aims to redefine stability in the digital economy by combining the benefits of a stable unit of account with the security and reliability of gold. […]

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ForkLog 30 11.06.2024

Tether to Invest Over $1 Billion in Startups Over the Next Year

Tether, the issuer of USDT, plans to allocate more than $1 billion to distribute among startups from “hundreds of venture proposals,” CEO Paolo Ardoino revealed in an interview with Bloomberg. According to the executive, the firm is focused on alternative financial infrastructure for emerging markets, artificial intelligence, and biotechnology. Over the past two years, Tether […]

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ForkLog 13 07.06.2024

Have you seen America’s national debt? What the stablecoin market says

The global economy is undergoing a transformation, with new trends emerging in central banks’ monetary policy. One promising avenue for crypto is investment in US Treasury securities. ForkLog examines how America’s public debt became collateral for stablecoins and the prospects for RWA projects in this corner of traditional finance. How public debt builds up According […]

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ForkLog 25 06.06.2024

Paxos Unveils 5% Yield Stablecoin USDL

Paxos has introduced the Lift Dollar (USDL) stablecoin, offering holders a “risk-free” yield of approximately 5%. The issuer of this “stablecoin,” Paxos International, is regulated in the UAE by the Financial Services Regulatory Authority (FSRA) within the Abu Dhabi Global Market (ADGM). The token is not intended for residents of the US, UAE (except ADGM), […]

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ForkLog 17 05.06.2024

Lugh Halts Stablecoin Issuance Ahead of MiCA Implementation

The European firm Lugh has announced the cessation of its stablecoin EURL issuance in anticipation of the MiCA regulation coming into effect. ? Annonce : MiCA : Lugh suspend son activité d’émission de stablecoin pic.twitter.com/RdXzJHBzY5 — Lugh (@LughStablecoin) June 4, 2024 The issuer has guaranteed the redemption of existing coins until August 30, 2024. Reimbursement […]

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ForkLog 21 03.06.2024

Binance to Restrict Access to Certain Stablecoins in the EU

Cryptocurrency exchange Binance has alerted users to upcoming restrictions due to new stablecoin regulations coming into effect within the European Economic Area (EEA). Under upcoming MiCA rules some stablecoins will face restrictions as unauthorized stablecoins. Binance won’t delist any unauthorized stablecoins on spot but will limit their availability for EEA users only on certain products, […]

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ForkLog 6 03.06.2024

USDe Stablecoin Capitalisation Surpasses $3 Billion

The total market value of USDe, issued by Ethena Labs, has exceeded $3 billion just four months after the launch of the “synthetic dollar.” Data: CoinGecko. The “stablecoin” reached this milestone faster than its competitors, according to The Block. USDe climbed to $2 billion on April 5. Over the past 30 days, the metric has […]

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ForkLog 25 23.05.2024

Stablecoin Market Capitalisation Surpasses $160 Billion

The combined market capitalisation of stablecoins has surpassed the $160 billion mark.

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ForkLog 18 18.05.2024

Kraken Evaluates Potential Delisting of USDT in the EU

The cryptocurrency exchange Kraken is “actively reviewing” the status of the stablecoin USDT in light of new EU regulatory rules, reports Bloomberg. “We have contingency plans for all scenarios, including situations where listing specific tokens like USDT is simply not prudent. We are actively reviewing this matter and will make firm decisions once the position […]

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