stablecoins | ForkLog

ForkLog 9 08.04.2022

Near up 23% in a day amid rumors of stablecoin launch

The Near Protocol project's token rose by 22.7% in the last 24 hours. NEAR's market capitalization surpassed $12 billion.

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ForkLog 17 08.04.2022

OCC chief backs tighter regulation of stablecoin issuers

Issuers of “stablecoins” should be treated as depository institutions with mandatory deposit insurance. This view was expressed by the head of the OCC in the U.S. Treasury, Michael Hsu.

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ForkLog 21 08.04.2022

Frax Finance to create reserve crypto fund modeled on Terra

The Frax Finance platform of algorithmic stablecoins plans to acquire tokens worth billions of dollars to create a reserve fund backing the FRAX algorithmic stablecoin. The founder of the project, Sam Kazemian, told The Block.

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ForkLog 28 06.04.2022

Lightning Labs unveils protocol to issue stablecoins on the Lightning Network

The Lightning Labs team closed a $70 million Series B funding round. The proceeds will go toward developing the Taro protocol, which enables issuing assets, including stablecoins, on the Bitcoin network and using them in Lightning Network applications.

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ForkLog 16 05.04.2022

UK Treasury to legalise stablecoins and issue NFTs

The British Treasury has announced plans to legalise stablecoins and gradually recognise them as a lawful means of payment.

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ForkLog 16 05.04.2022

SEC Chief Calls for Tougher Oversight of Bitcoin Exchanges and Stablecoin Issuers

The SEC is considering tighter regulation of stablecoin issuers and restrictions on cryptocurrency exchanges as custodians and market makers, according to remarks by Gary Gensler, head of the SEC.

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ForkLog 28 30.03.2022

Fantom to launch algorithmic stablecoin USDB

The Fantom project announced the launch of its own stablecoin USDB with high-yield liquidity pools as collateral. The issuer will be Balance, an entity comprising some members of FantomDAO.

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ForkLog 19 28.03.2022

Fed official calls blockchain overhyped

Blockchain is completely overhyped, and some research on CBDCs resembles advertising clips. This was stated by Fed Governor Chris Waller during a virtual seminar on national digital currencies.

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ForkLog 25 27.03.2022

Luna Foundation Guard Plows More Than $1 Billion into Bitcoin to Back UST

The non-profit Luna Foundation Guard (LFG) invested more than $1 billion in Bitcoin to back the stability of the algorithmic stablecoin Terra USD (UST), according to Morgan Creek Digital co-founder Anthony Pompliano.

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ForkLog 30 24.03.2022

ANZ Bank launches A$DC stablecoin pegged to the Australian dollar

ANZ Bank, one of Australia’s four largest banks, announced the launch of a 1:1 Australian dollar–pegged stablecoin, A$DC, built on Ethereum. The Financial Review reports.

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ForkLog 14 24.03.2022

Powell flags threat to financial stability from cryptocurrencies and stablecoins

Cryptocurrencies and 'stablecoins', in particular, pose risks to the U.S. financial system and require new laws to regulate them. This was stated by Fed Chair Jerome Powell, according to Associated Press.

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ForkLog 10 23.03.2022

Cashio’s stablecoin devalues after attack

The Cashio protocol on Solana was attacked. The price of the CASH stablecoin fell to zero, and the project's TVL declined by $28 million.

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