stablecoins | ForkLog

ForkLog 13 03.05.2021

Media reports that PayPal plans to launch its own stablecoin

The payments giant PayPal is reportedly considering launching its own stablecoin. The Block reports, citing sources familiar with the situation.

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ForkLog 15 26.04.2021

Tether marketisation tops $50 billion

The market capitalisation of the dollar-pegged stablecoin Tether (USDT) surpassed $50 billion, having risen by more than $10 billion over the past month.

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ForkLog 20 21.04.2021

Media: Diem to launch pilot stablecoin by year-end

The Facebook-backed Diem project (formerly Libra) plans to launch in 2021 a pilot for a digital currency pegged to the US dollar, CNBC reports citing its own source.

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ForkLog 13 20.04.2021

Tether launches USDT on the Ethereum-based Hermez Network protocol with ZK-Rollups support

Tether launched the USDT stablecoin on the Ethereum-based Hermez Network solution, built on ZK-Rollups scaling technology.

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ForkLog 15 19.04.2021

China proposes treating Bitcoin as an investment instrument

Cryptocurrencies, such as Bitcoin, should be viewed as alternative investments. This was stated by Li Bo, deputy governor of the People's Bank of China (PBoC), during the Boao Forum for Asia, according to journalist Colin Wu.

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ForkLog 23 09.04.2021

US intelligence warns of a murky future for fiat currencies

Stablecoins and privately issued digital currencies threaten the dollar and the currencies of US allies. This is the conclusion of the National Intelligence Council’s report.

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ForkLog 7 06.04.2021

Tech Mahindra to launch ‘stablecoin-as-a-service’ tool for banks

The Indian IT giant Tech Mahindra and the Dutch blockchain incubator Quantoz will develop a service aimed at financial institutions for integrating stablecoins.

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ForkLog 10 05.04.2021

FEI developers raise $1.3 billion as users incur losses

The creators of the algorithmic stablecoin FEI raised 639,000 ETH ($1.3 billion at the time of writing), and the FEI-ETH pool became the largest on Uniswap — $2.55 billion. The hype led to a misalignment in its system and 34% “paper” losses for participants in the issuance.

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ForkLog 24 01.04.2021

Bank of Russia proposes banning the use of stablecoins as a means of payment

The Bank of Russia is considering restricting the use of stablecoins in settlements on Russian territory, in line with cryptocurrencies, according to Ivan Zimin, director of the Bank of Russia's Department of Financial Technologies.

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ForkLog 21 30.03.2021

Independent auditor confirms Tether reserves fully back USDT

Moore Global's Cayman-based arm presented a conclusion on the sufficiency of Tether Holdings Limited's reserves to fully back the USDT stablecoin (USDT).

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ForkLog 16 30.03.2021

Minister: Britain will focus on regulating stablecoins, not Bitcoin.

Britain will focus primarily on regulating stablecoins, rather than the broader cryptocurrency market, the country’s Financial Services Minister said.

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ForkLog 16 29.03.2021

Stablecoins on crypto exchanges surpass $10 billion

On March 28, the aggregate amount of stablecoins held on cryptocurrency exchanges surpassed $10 billion for the first time, according to data from analytics firm CryptoQuant.

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