stablecoins | ForkLog

ForkLog 6 25.07.2023

EBA to impose additional rules on stablecoin issuers

Stablecoin issuers whose reserves consist of derivatives or covered bonds will face additional regulation. This stems from the draft of new EBA rules, CoinDesk reports.

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ForkLog 6 25.07.2023

Wyoming authorities to hire head of stablecoin issuance project

The Wyoming Stable Token Commission, established by the state government, has posted a vacancy for an executive director to lead the project.

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ForkLog 5 24.07.2023

South Korean banks study alternatives to stablecoins and CBDC

South Korea's Hana Bank and Woori Bank have begun studying so-called tokenized deposit certificates. The institutions see them as an alternative to stablecoins and CBDC, Maeli Business News Korea reports.

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ForkLog 17 21.07.2023

Do Kwon lawyers describe UST collapse as an FTX-assisted attack

“A coordinated short-selling attack” involving FTX led to the depeg of Terraform Labs (TFL)'s algorithmic stablecoin UST. This is described in the organisation's lawyers' motion.

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ForkLog 20 19.07.2023

Shinhan Bank and Hedera test cross-border payments via stablecoins

South Korea's Shinhan Bank has successfully completed a proof of concept for using stablecoins for international money transfers. Hedera Hashgraph served as the base for the experiments.

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ForkLog 24 17.07.2023

FSB at the G20 outlines recommendations for global crypto regulation

The Financial Stability Board (FSB) under the G20 has developed recommendations for a global regulatory framework for cryptocurrencies.

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ForkLog 17 16.07.2023

Aave launches the GHO stablecoin on Ethereum mainnet

The DeFi protocol Aave activated the decentralized stablecoin GHO on the Ethereum mainnet. The deployment received 100% support from the community.

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ForkLog 5 14.07.2023

Circle CEO Warns Congress of Threat to the Dollar

The status of the U.S. dollar as the world’s reserve currency would be under threat if Congress does not move forward with passing the stablecoins bill.

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ForkLog 7 12.07.2023

European regulator issues guidelines for stablecoin issuers

The European Banking Authority (EBA) published 'guidelines' for stablecoin issuers under the MiCA regulatory framework.

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ForkLog 22 06.07.2023

Circle to consider issuing a stablecoin in Japan

Circle, the issuer of USDC, plans to issue a 'stablecoin' in Japan, according to Circle co-founder and CEO Jeremy Allaire.

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ForkLog 12 05.07.2023

Fitch: Stablecoin capitalisation edges up amid Bitcoin rally

"The stablecoins" sector did not fully benefit from the rally in digital gold to year-to-date highs. Fitch notes this.

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ForkLog 28 05.07.2023

Hong Kong calls for the release of a competitor to USDT and USDC

The Hong Kong government proposed issuing its own 'stablecoin' HKDG, backed by the jurisdiction's foreign-exchange reserves, to compete with the industry's giants — USDT and USDC.

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