stablecoins | ForkLog

ForkLog 17 06.03.2023

Tether calls WSJ article on shadow schemes misleading

The issuer of Tether (USDT) said the conclusions in The Wall Street Journal (WSJ) article were 'outdated assertions' that are 'inaccurate and misleading'.

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ForkLog 9 03.03.2023

Market capitalization of the BUSD stablecoin falls below $10 billion

The market capitalization of the Binance USD (BUSD) stablecoin fell below $10 billion for the first time since late June 2021, according to CoinGecko.

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ForkLog 23 02.03.2023

Three Japanese banks to test stablecoins on the Japan Open Chain

Tokyo Kiraboshi Financial Group, Minna no Bank and The Shikoku Bank will test stablecoins built on the Japan Open Chain blockchain.

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ForkLog 38 28.02.2023

Opinion: Jane Street trading firm may have helped precipitate Terra’s collapse

The head of Wintermute's research department, Igor Igamberdiev, traced a transfer that could destabilise the Terra USD (UST) price.

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ForkLog 26 28.02.2023

Forbes points to Binance practices eerily similar to ‘FTX maneuvers’

In late 2022, Binance moved about $1.78 billion of collateral for USDC issued on the BNB Beacon Chain and BNB Smart Chain networks to Cumberland, Alameda and other market makers 'for undisclosed purposes'. Forbes reports.

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ForkLog 8 24.02.2023

Circle CEO says SEC should not regulate stablecoins

The U.S. Securities and Exchange Commission (SEC) is not the right regulator for stablecoins. This view was voiced by Circle CEO Jeremy Allaire in an interview with Bloomberg.

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ForkLog 18 23.02.2023

Bank of Israel issues guidance for stablecoin issuers

The Bank of Israel published a set of requirements for stablecoin issuers. The recommendations envisage banning algorithmic stablecoins if they are widely used in payments.

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ForkLog 21 23.02.2023

Frax Finance community shifts away from algorithmic backing of FRAX stablecoin toward full reserve backing

The Frax Finance community has decided to gradually transition FRAX from algorithmic backing to full reserve backing.

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ForkLog 24 15.02.2023

Opinion: Pressure on BUSD does not pose risks to other stablecoins

Regulators are not targeting all 'stablecoins', applying harsh measures against Paxos, the issuer of Binance USD (BUSD). This was stated by Marcus Tillen, head of research at Matrixport's crypto-financial services division.

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ForkLog 20 15.02.2023

Changpeng Zhao forecasts expansion of non-dollar stablecoins

Rising regulatory scrutiny in the United States underscores growing demand for stablecoins not pegged to the U.S. dollar, Binance CEO Changpeng Zhao (CZ) said.

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ForkLog 15 14.02.2023

Aave to weigh freezing of Binance’s BUSD stablecoin

The Aave lending protocol community will consider a proposal to freeze the use of Binance USD (BUSD) as collateral amid pressure from the US Securities and Exchange Commission on Paxos, the exchange's stablecoin issuer partner.

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ForkLog 13 13.02.2023

Bloomberg reports PayPal’s pause in developing a stablecoin

The payments giant PayPal has paused development of its own stablecoin amid news of the NYDFS's investigation into Paxos, the issuer of BUSD and USDP. Bloomberg reports.

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