stablecoins | ForkLog

ForkLog 23 19.07.2022

Circle confirms plans for public listing in Q4 2022

The co-emitter of the USD Coin (USDC) stablecoin, Circle, will go public in the fourth quarter of 2022. This was confirmed in an interview with Decrypt by its CFO Jeremy Fox-Djin.

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ForkLog 20 15.07.2022

Circle releases first monthly report on USDC reserves

$42.12 billion of the USD Coin (USDC) collateral was held in U.S. Treasuries, $13.58 billion in cash at regulated banks. Such data are contained in Circle's unaudited co-emitter report as of the end of June.

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ForkLog 20 11.07.2022

ECB deems stablecoins impractical as a means of payment

“Stablecoins” are impractical as a means of payment; their current form is not suitable for use in the real economy. This is stated in the ECB's Financial Stability Review.

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ForkLog 22 08.07.2022

Aave proposes launching the decentralized stablecoin GHO

Developers at Aave proposed launching a DeFi-native, multi-collateral stablecoin called GHO, pegged to the US dollar.

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ForkLog 22 08.07.2022

MakerDAO to provide $100 million loan to a US bank

The MakerDAO DeFi platform community approved the creation of a vault with a $100 million DAI limit for the Huntingdon Valley Bank, founded in 1891 in the United States.

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ForkLog 36 06.07.2022

Chinese court rules salary paid in USDT illegal

In China, employers cannot pay employees salaries in stablecoins such as USDT. The Beijing Chaoyang District People’s Court issued the relevant ruling, according to Beijing Daily.

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ForkLog 19 04.07.2022

Stablecoins rally in Argentina after the economy minister’s resignation

The unexpected resignation of Argentina's economy minister, Martín Guzmán, sparked a frenzied demand for stablecoins on local Bitcoin exchanges. According to Criptoya, the USDT rate jumped to 262.9-318.9 pesos, implying a premium of 109.5%-154.2%.

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ForkLog 19 27.06.2022

WSJ: Hedge funds build up short positions in USDT

Among cryptocurrency-focused hedge funds, the number of short positions in the stablecoin USDT is rising amid negative market conditions and the collapse of Terra's ecosystem. The Wall Street Journal reports.

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ForkLog 10 24.06.2022

Viewpoint: CBDCs threaten stablecoins, not Bitcoin

CBDCs do not necessarily threaten decentralized cryptocurrencies directly; rather, they aim to mitigate risks associated with stablecoins. This was stated by ARK36 CEO Mikkel Morch, as reported by Cointelegraph.

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ForkLog 14 22.06.2022

Tether to launch stablecoin pegged to the British pound

The issuer of the largest-stablecoin by market capitalization, USDT, announced the launch of the 'stablecoin' GBPT pegged to the British pound.

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ForkLog 17 16.06.2022

Circle unveils euro-pegged stablecoin Euro Coin

The Circle, a member of the Centre consortium, has introduced the euro-pegged stablecoin Euro Coin (EUROC).

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ForkLog 15 15.06.2022

Cumberland market maker warned of the collapse of one of the leading stablecoins

Over-the-counter cryptocurrency platform Cumberland did not rule out that the next asset at risk of a crash could be one of the leading stablecoins.

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