stablecoins | ForkLog

ForkLog 39 02.09.2021

Bloomberg Strategist: Rising USDT Transactions Boost the Dollar’s Value

Dollar-pegged stablecoins boost the value of the U.S. dollar, according to Bloomberg Intelligence senior commodities strategist Mike McGlone.

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ForkLog 23 02.09.2021

Gary Gensler backs harmonisation of crypto regulation

The head of the U.S. Securities and Exchange Commission (SEC), during a speech to the European Parliament, tried to outline the contours of globalisation of cryptocurrency markets.

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ForkLog 32 30.08.2021

USDC Issuer to Build a ‘Global Stablecoin Network’

The Circle-Coinbase consortium Centre has formed a team to extend the distribution of its standard-based stablecoins abroad.

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ForkLog 36 24.08.2021

Paxos renames Paxos Standard stablecoin to Pax Dollar

The company behind Paxos Standard (PAX), Paxos, renamed the stablecoin to Pax Dollar (USDP) to make it easier to identify with the U.S. dollar that underpins it.

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ForkLog 19 23.08.2021

USDC issuer to shift reserves into cash and U.S. Treasuries

The USD Coin (USDC) reserves from the Centre consortium, which includes Circle and Coinbase, will consist solely of cash and U.S. Treasury bills.

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ForkLog 18 19.08.2021

Fed says stablecoins threaten financial stability

Lack of transparency in stablecoins could threaten financial stability, officials from the U.S. Federal Reserve said at a meeting.

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ForkLog 18 19.08.2021

David Marcus says Novi digital wallet ready for launch

David Marcus, head of Facebook's payments division, criticised the existing US financial infrastructure and said the Novi digital wallet is ready to launch.

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ForkLog 23 17.08.2021

Facebook to drop Diem in favour of third-party stablecoins

Novi Financial, the company behind the Diem project (formerly Calibra), is considering the possibility of collaborating with third-party stablecoin issuers.

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ForkLog 17 13.08.2021

Media: Alameda Research and Cumberland Take the Lion’s Share of USDT Issuance

More than two-thirds of the total USDT supply issued by Tether was purchased by two cryptocurrency firms — Alameda Research and Cumberland Global. According to the Protos portal, citing its own sources.

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ForkLog 31 11.08.2021

Gemini acquires Guesser, a decentralized prediction platform

The Winklevoss twins' cryptocurrency exchange Gemini has acquired the decentralized prediction platform Guesser.

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ForkLog 39 09.08.2021

Report: Nearly 50% of USDT backing by Tether consists of commercial paper

As of July 30, 2021, the stablecoin USDT was 100% backed by reserves of Tether Holdings Limited, Moore Cayman confirmed in a new report.

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ForkLog 11 06.08.2021

Huobi stablecoin issuer says 100% cash backing

The reserves backing the HUSD stablecoin are fully comprised of cash held in U.S. money-market deposit accounts, according to its issuer Stable Universal.

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