stablecoins | ForkLog

ForkLog 25 14.08.2022

AUSD stablecoin plunges to $0.05 after hacker attack

Unknown attackers targeted the Acala Network protocol built on Polkadot and minted more than 1.2 billion AUSD. As a result, the stablecoin price briefly fell to $0.05.

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ForkLog 22 11.08.2022

Stablecoins-based remittance and payments service to be launched in the Philippines

The Philippines-based Direct Agent 5 (DA5), which operates one of the country's largest networks of money-transfer points, together with Broxus, will launch a service for transactions using stablecoins.

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ForkLog 30 09.08.2022

Wintermute gains the right to issue USDD stablecoin

Market-maker Wintermute has become the ninth participant in the TRON DAO Reserve, the organisation behind the algorithmic stablecoin USDD, ForkLog reported.

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ForkLog 14 08.08.2022

Beanstalk Farms team restarts DeFi protocol four months after the hack

Beanstalk Farms developers have relaunched the Ethereum-based stablecoin protocol. They aim to return BEAN to a market capitalization of $100 million, reached on the eve of the April 17, 2022 hack.

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ForkLog 12 05.08.2022

Vitalik Buterin: Stablecoin issuers will determine the future of contentious Ethereum hard forks

Issuers of centralized stablecoins such as Tether (USDT) and USD Coin (USDC) will be able to determine which of the chains formed within contentious hard forks the community will adopt. This was stated by Ethereum co-founder Vitalik Buterin at the BUIDL Asia conference.

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ForkLog 15 04.08.2022

Frax Finance team proposes rejecting PoW-based Ethereum forks

The Frax Finance core development team has urged the community to refrain from launching the algorithmic stablecoin FRAX in potential Ethereum forks based on the {{AOPEN_1}}Proof-of-Work{{ACLOSE_1}} (PoW) algorithm.

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ForkLog 9 01.08.2022

Tether calls hedge-fund shorting of USDT ‘categorically erroneous’

Hedge funds that decided to open a short position in USDT after the Terra collapse, 'on a fundamental level do not understand the principles of how the cryptocurrency market and Tether operate,' the issuer of the stablecoin said.

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ForkLog 17 31.07.2022

Aave Community Approves Launch of GHO, a USD-Pegged Decentralized Stablecoin

The community of the DeFi protocol {{AOPEN_1}}Aave{{ACLOSE_1}} approved the launch of the USD-pegged decentralized stablecoin GHO within the project’s ecosystem.

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ForkLog 15 28.07.2022

US Congress runs out of time to finish stablecoin bill before recess

A bipartisan bill to establish oversight of stablecoins will not be introduced before the August recess of the US Congress, acknowledged by the chair of the House Financial Services Committee, Maxine Waters.

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ForkLog 14 27.07.2022

Tether pledges to zero out exposure to commercial paper in its reserves

The collateral portfolio backing the Tether (USDT) stablecoin contains no securities issued by Chinese companies. Its issuer pledged to bring the share of commercial paper to zero by November from the current $3.7 billion.

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ForkLog 9 26.07.2022

Arcane Research: USDC to overtake USDT in market capitalization this autumn

Arcane Research forecast continued growth in USDC's market capitalization from Circle and a further decline in the market share of the largest stablecoin — USDT from Tether.

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ForkLog 34 22.07.2022

Curve Finance to launch its own stablecoin

The decentralized exchange Curve Finance is preparing to launch its own stablecoin. This was stated by its founder Michael Egorov in a conversation with Spartan Group co-founder Kelvin Koh at the Redefine Tomorrow 2022 conference.

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