stablecoins | ForkLog

ForkLog 18 18.05.2022

Goldman Sachs says algorithmic stablecoins can succeed only with broad adoption in payments

Algorithmic stablecoins can succeed in the long run only if they achieve broad adoption in payments, according to Goldman Sachs analysts cited by The Block.

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ForkLog 25 18.05.2022

Terraform Labs lawyers resign after UST collapse

Three Terraform Labs legal department employees resigned after the collapse of the algorithmic stablecoin TerraUSD (UST) and the LUNA token, The Block reports, citing a source.

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ForkLog 24 17.05.2022

Media: Terra collapse to be debated in Parliament in South Korea

A representative of the South Korean People Power Party Yun Chan-Hen urged parliamentary hearings on the recent Terra ecosystem collapse.

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ForkLog 13 16.05.2022

Scream DeFi project suffers losses after FUSD depegging and DEI’s dollar peg

Scream, a Fantom-based lending service, was hit by losses stemming from the depegging of FUSD and the DEI dollar peg. Its users used algorithmic stablecoins as collateral for loans in USDT, FRAX, DAI, MIM and USDC.

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ForkLog 16 16.05.2022

British Treasury rules out legalising algorithmic stablecoins

The British Treasury will include regulation of stablecoins as a payment mechanism in the Financial Services and Markets Bill, The Telegraph reports.

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ForkLog 14 16.05.2022

DEI stablecoin from Deus Finance DAO loses dollar peg

In the evening of May 15, the Deus Finance DAO's algorithmic stablecoin DEI lost its peg to the U.S. dollar.

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ForkLog 19 15.05.2022

Justin Sun: TRON will not abandon its algorithmic stablecoin USDD

The TRON ecosystem will not abandon the algorithmic stablecoin USDD, despite the collapse of UST and LUNA. TRON founder Justin Sun said that Terraform Labs' product was undermined by overly rapid growth and the lack of sufficient funds in the reserve.

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ForkLog 26 14.05.2022

Circle: USDC fully backed by dollars and US Treasuries

Circle published information on its reserves and the issuance dynamics of USDC.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 7 13.05.2022

Three Arrows Capital co-founder compared the UST crash to The DAO hack.

Co-founder Zhu Su of Three Arrows Capital, who previously invested in the LUNA token, commented on the collapse of the Terra ecosystem and the algorithmic stablecoin UST.

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ForkLog 9 13.05.2022

GAM Holding Denies Plans to Participate in Rescue of UST

The Swiss independent asset manager GAM Holding denied reports of talks with Terraform Labs to provide financial assistance to support the algorithmic stablecoin UST.

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ForkLog 8 13.05.2022

Hester Peirce urged to ‘leave room for missteps’ in regulating stablecoins

In overseeing stablecoin issuers, it is necessary to preserve certain exemptions to continue innovation. Securities and Exchange Commission Commissioner Hester Peirce said.

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ForkLog 17 12.05.2022

Anchor community proposes trimming UST deposit yield to 4%

The Anchor protocol community proposed reducing the target yield on UST deposits to 4% per year. It is hoped this will help restore parity of the algorithmic stablecoin with the US dollar.

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