stablecoins | ForkLog

ForkLog 10 06.08.2021

Expert predicts stablecoins market to reach $1 trillion by 2025

The capitalisation of stablecoins is expected to rise from the current $115 billion to $1 trillion by 2025, and existing regulatory uncertainty will not derail it. The forecast, in an interview with Business Insider, was given by an early crypto enthusiast and the head of the decentralised domain registrar Unstoppable Domains, Matthew Gould.

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ForkLog 19 06.08.2021

Fed governor doubts the advisability of issuing a digital dollar

The U.S. authorities should launch CBDC only in the event of a significant market disruption. This view was expressed by Federal Reserve Board member Chris Waller in an interview with the American Enterprise Institute.

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ForkLog 12 04.08.2021

Global precious metals retailer Kitco to launch gold-backed stablecoin

The Canadian company Kitco, a global retailer of precious metals, announced the launch of a gold-backed stablecoin. CoinDesk reports, citing the firm's press release.

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ForkLog 25 30.07.2021

US to weigh ban on certain stablecoins

The U.S. Treasury could ban certain stablecoins. The proposals are included in a House of Representatives bill to create a comprehensive regulatory framework for regulating the digital assets market.

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ForkLog 18 22.07.2021

Paxos reveals backing for PAX and BUSD stablecoins

US-dollar–pegged stablecoins from Paxos are fully backed by cash and cash equivalents, as well as U.S. Treasury securities. This was stated by the company's general counsel, Dan Burstein.

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ForkLog 17 21.07.2021

Bitstamp announces listing of Tether’s EURt stablecoin

The oldest European cryptocurrency exchange, Bitstamp, opened deposits for Tether’s EURt stablecoin, fully backed 1:1 by euros, amid strong client demand.

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ForkLog 23 20.07.2021

Circle discloses details of USDC reserves

The majority of USDC stablecoins are backed by US dollars. The remaining coins are backed by bonds and other highly liquid assets.

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ForkLog 29 20.07.2021

US Treasury Secretary Janet Yellen Urges Swift Stablecoin Regulation

U.S. Treasury Secretary Janet Yellen urged swifter development of a regulatory framework for stablecoins at a PWG meeting.

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ForkLog 38 19.07.2021

Study: Stablecoins would bring the United States back to the 19th-century ‘wildcat banking’ era

If stablecoins are not regulated, they could replay the 19th-century United States era of 'wildcat banking'. This conclusion appears in the work of Yale economist Gary Gorton and Federal Reserve lawyer Jeffrey Zhang.

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ForkLog 27 17.07.2021

U.S. Treasury secretary to meet regulators to discuss stablecoins.

U.S. Treasury Secretary Janet Yellen announced the convening of the President’s Working Group on Financial Markets to discuss stablecoins by July 25.

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ForkLog 41 16.07.2021

Terra stablecoin developer Terraform Labs raises $150 million from Galaxy Digital, Pantera Capital and other investors

The Terra stablecoin developer Terraform Labs has raised $150 million from several major investors, including Arrington XRP Capital, Pantera Capital, Galaxy Digital and BlockTower Capital.

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ForkLog 24 15.07.2021

Fed chair: the emergence of a digital dollar would dent Bitcoin’s popularity

Fed Chair Jerome Powell questioned the need for stablecoins and cryptocurrencies after the emergence of a digital version of the dollar. The remarks came during Q&A with House lawmakers following his testimony on the state of the economy.

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