stablecoins | ForkLog

ForkLog 8 08.11.2023

EU to discuss new liquidity requirements for stablecoins

The European Banking Authority has published for public consultation capital and liquidity requirements for issuers of stablecoins and other digital tokens.

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ForkLog 22 07.11.2023

Moody’s records 609 depegs of large stablecoins in 2023

In 2023, high-market-cap stablecoins lost their peg to the underlying asset 609 times, according to Moody’s Analytics.

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ForkLog 14 02.11.2023

SEC opens investigation into PayPal’s stablecoin

PayPal said it had received a subpoena from the U.S. Securities and Exchange Commission (SEC) related to the PYUSD stablecoin.

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ForkLog 17 01.11.2023

Tether reports $72.6 billion in US Treasury securities reserves

Tether, as of September 30, held U.S. Treasury bills worth $72.6 billion. The securities accounted for 84% of assets ($86.38 billion), according to the company's report.

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ForkLog 28 26.10.2023

Flatcoins: Can flatcoins stop global inflation?

The inflation problem in 2023 took on new dimensions and even reached the United States. In such a situation, people want to preserve their funds as efficiently as possible, which is why a new class of digital assets — flatcoins — has emerged.

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ForkLog 10 24.10.2023

US residents conduct over $1 trillion in crypto transactions in a year

From July 2022 to June 2023, US residents conducted cryptocurrency transactions totaling over $1 trillion, the highest in the world.

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ForkLog 13 24.10.2023

Deutsche Bank tests a SWIFT analogue for CBDCs and stablecoins

Deutsche Bank and SC Ventures completed the transfer and exchange of stablecoins on the Universal Digital Payments (UDPN) network—an analogue of SWIFT for connecting CBDCs and stablecoins.

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ForkLog 7 18.10.2023

Former CFTC chief urges US Congress to pass a stablecoins law

The stablecoins bill is a vital update to the U.S. financial system. In an op-ed on CoinDesk, Circle's chief legal officer and former head of the CFTC Hit Tarbert urged its passage.

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ForkLog 9 13.10.2023

Unknown trader swaps $131,350 in USDR for $0 in USDC as USDR depegs

On October 11, an unidentified trader, amid the depeg of Real USD (USDR) stablecoin, swapped $131,350 in the token for less than 0.0001 USDC.

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ForkLog 30 11.10.2023

Real USD loses its peg as stablecoin price crashes by 50%

The Real USD (USDR) stablecoin, backed by tokenized real estate, lost its peg. The asset's price fell by 50%.

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ForkLog 14 29.09.2023

Circle backs Binance over BUSD status

Buyers of stablecoins do not expect profits, so this asset class does not meet investment contract criteria. This statement was made by Circle's chief counsel Hite Tarbert.

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ForkLog 10 27.09.2023

JPMorgan: Stablecoin Issuers Could Disrupt the Money Market

Issuers of stablecoins risk undermining the short-term funding market after the Fed restricted access to it. JPMorgan says so, Bloomberg reports.

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