stablecoins | ForkLog

ForkLog 13 06.09.2022

Expert flags risks to USDT as Binance moves to convert stablecoins

Automatic conversion of Binance USDC, USDP and TUSD on user balances into BUSD at 1:1 would reduce USDT's market share, according to Wintermute CEO and founder Evgeny Gaevoy.

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ForkLog 41 05.09.2022

Binance to auto-convert USDC, USDP and TUSD balances into BUSD

The cryptocurrency exchange Binance will begin automatically converting certain stablecoins on user balances into BUSD from September 29.

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ForkLog 13 05.09.2022

Acala Team Publishes Full Report on the aUSD Incident.

As of September 5, 52 million erroneously minted aUSD remain in the network. In total, 281 addresses were involved in the incident, according to the Acala parachain team's report.

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ForkLog 18 29.08.2022

MakerDAO co-founder proposes decoupling DAI from the dollar

A freely floating DAI is the only path to decentralisation and regulatory compliance, according to Rune Christensen, co-founder of the DeFi platform MakerDAO.

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ForkLog 21 29.08.2022

WSJ: Tether would be ‘technically insolvent’ if assets fell by 0.3%

A 0.3% drop in reserve assets could push the issuer of the stablecoin Tether to 'technical insolvency'. The Wall Street Journal concluded as much.

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ForkLog 20 26.08.2022

Waves’ algorithmic stablecoin USDN strengthens its detachment from the US dollar

On August 26, the Neutrino USD (USDN) algorithmic stablecoin fell to $0.905. This was the fourth in 2022 of losing parity with the US dollar.

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ForkLog 7 22.08.2022

USDC Held by the Top 1% of Addresses Falls to a Two-Year Low

The share of deposits held by the top 1% of USDC addresses fell to a 22-month low of 88,667%. Glassnode analysts noted this.

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ForkLog 6 22.08.2022

Report: Stablecoin issuers hold $80 billion in US Treasuries

The volume of reserves of stablecoin issuers placed in US Treasury bills reached $80 billion, representing 2% of reserves. Cointelegraph reports, citing a JPMorgan report.

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ForkLog 368 20.08.2022

What are stablecoins?

What underpins stablecoins’ prices? Which stablecoins are most popular? How do centralised stablecoins differ from algorithmic ones, and what are the pros and cons of each? ForkLog’s explainer breaks it down.

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ForkLog 9 19.08.2022

HUSD briefly loses dollar peg

On August 18, the price of the Stable Universal stablecoin HUSD fell to 92 cents due to liquidity problems. Huobi explained the incident's causes.

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ForkLog 14 18.08.2022

Acala team blocks 2.97 billion erroneously minted aUSD

The Acala parachain team in the Polkadot ecosystem has returned 2.97 billion aUSD stablecoins minted as a result of the exploit.

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ForkLog 182 15.08.2022

What is the USDC stablecoin?

What is USDC? How does it differ from other stablecoins? What assets back its reserves? We explain in brief.

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