stablecoins | ForkLog

ForkLog 18 07.02.2022

MUFG to launch stablecoin pegged to the yen in 2023

MUFG, Japan's largest financial conglomerate, via its trust bank Mitsubishi UFJ Trust and Banking, announced plans to launch a stablecoin pegged to the Japanese yen in 2023. The report cites Nikkei.

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ForkLog 15 04.02.2022

Mitsui to launch gold-backed stablecoin ZipangCoin

Trading firm Mitsui and Sumitomo Mitsui Banking, part of the same corporate group, announced the upcoming February launch of the gold-linked stablecoin ZipangCoin (ZPG). Nikkei Asia reports.

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ForkLog 23 01.02.2022

Fed releases report on the risks and benefits of stablecoins

The Fed published a report examining the threats and impact of stablecoins on U.S. monetary policy and the credit system.

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ForkLog 22 01.02.2022

Circle launches USDC stablecoin on Flow blockchain

Circle, the operator of USD Coin (USDC), announced the release of the stablecoin on the Flow blockchain from Dapper Labs.

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ForkLog 23 28.01.2022

Goldman Sachs rules out issuing a stablecoin in the near term

The largest US investment bank Goldman Sachs is studying the possibility of creating its own stablecoin with partners, but does not plan to issue it in the near term. Bloomberg reports, citing the firm’s press service.

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ForkLog 89 26.01.2022

What is Terra (LUNA)?

An overview of the Terra (LUNA) ecosystem and its algorithmic stablecoin UST.

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ForkLog 21 20.01.2022

Terraform Labs to commit more than $4 billion to Terra ecosystem development

The Terra blockchain company Terraform Labs will provide funding of 50 million LUNA (over $4 billion) to the newly formed Luna Foundation Guard (LFG), a non-profit organisation. The latter will focus on developing the project's ecosystem and increasing the resilience of the Terra USD (UST) stablecoin.

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ForkLog 17 17.01.2022

US banking regulator sees potential for greater trust in stablecoins under proper oversight

Banking regulation can raise trust in stablecoins, said Michael Hsu, the acting head of the OCC within the U.S. Treasury.

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ForkLog 50 16.01.2022

USDC supply on Ethereum overtakes USDT for the first time

The total supply of the USD Coin (USDC) stablecoin from the Centre Consortium on the Ethereum blockchain has for the first time surpassed that of Tether (USDT).

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ForkLog 22 13.01.2022

Group of U.S. banks forms consortium to issue a stablecoin

A consortium of FDIC-insured financial institutions, the USDF Consortium, announced plans to build a network of banks to promote the stablecoin USDF issued by its members.

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ForkLog 23 08.01.2022

Bloomberg: PayPal weighs launching its own stablecoin

PayPal will study the possibility of launching a dollar-backed stablecoin, Bloomberg reports citing senior vice president Jose Fernandez da Ponte.

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ForkLog 30 04.01.2022

DeFi Chronicles 2021: Prospects for the ‘Financial LEGO’

ForkLog summarised the main aspects and trends in DeFi development in 2021, with a focus on the segment’s future prospects.

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