stablecoins | ForkLog

ForkLog 13 12.12.2022

Justin Sun boosts USDD backing as dollar peg weakens

On December 12, the USDD price fell to $0.97 — the lowest since June. Justin Sun, co-creator of the algorithmic stablecoin, and founder of the TRON Foundation, reminded that the asset is over-collateralized (200%), and related transactions can be monitored on a blockchain explorer.

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ForkLog 21 08.12.2022

WAVES Falls 12% as USDN Loses Peg to the US Dollar

Against the backdrop of the algorithmic stablecoin Neutrino USD (USDN) losing parity with the US dollar, the Digital Asset Exchange Alliance (DAXA) issued a warning to investors about risks associated with the Waves platform.

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ForkLog 20 08.12.2022

Japanese financial regulator recommends restricting algorithmic stablecoins

The Japanese Financial Services Agency (FSA) has recommended restricting the use of algorithmic stablecoins within the country, deputy foreign minister Tomoko Amaya said.

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ForkLog 12 06.12.2022

Tether launches CNH₮ stablecoin pegged to offshore yuan on the TRON network

Tether released CNH₮ on the TRON blockchain, pegged to the offshore Chinese yuan.

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ForkLog 8 05.12.2022

Charles Hoskinson backs algorithmic stablecoins

Founder of Cardano, Charles Hoskinson, called algorithmic stablecoins "the gold standard of the digital age".

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ForkLog 20 02.12.2022

Tether calls WSJ article on USDT lending ‘hypocrisy’

The issuer Tether (USDT) called the WSJ article dedicated to the stablecoin 'hypocrisy of the media, asleep at the wheel' by journalists noting that the company increasingly issues loans in the stablecoin, which could lead to a crisis in the event of a bank run.

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