stablecoins | ForkLog

ForkLog 21 31.01.2021

Fed seeks manager to research stablecoins and CBDCs

The U.S. Federal Reserve has posted a vacancy for a manager of digital innovations who will assess the pros and cons of stablecoins and central bank digital currencies (CBDCs), according to CoinDesk.

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ForkLog 20 28.01.2021

BIS: Two-thirds of surveyed central banks study stablecoins

Many central banks are studying digital currencies, but regulators' greatest interest is focused on stablecoins. This follows from the BIS survey results.

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ForkLog 241 26.01.2021

Galaxy Digital and Coinbase Invest $25 Million in Terra Stablecoin Ecosystem

Terraform Labs, the developer of the Terra stablecoin, raised $25 million to expand the asset's use in the DeFi sector.

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ForkLog 21 23.01.2021

Deltec Bank: Tether’s USDT fully backed by reserves

The Bahamas-based Deltec Bank, which holds Tether's assets, said USDT is fully backed by reserves.

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ForkLog 14 21.01.2021

Sberbank applies to issue a stablecoin

In early January, Sberbank filed with the Bank of Russia to register a blockchain platform for the subsequent issuance of the stablecoin Sbercoin pegged to the ruble. Interfax reports, citing the bank's deputy chairman Anatoly Popov.

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ForkLog 41 21.01.2021

USDC and BUSD issuance growth outpaces Tether’s USDT

Since September 2020, the growth rate of Tether's (USDT) supply was 82%. In the same period, USD Coin (USDC) grew by 243%, and Binance USD (BUSD) by 512%. This is stated in the Arcane Research report.

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ForkLog 20 15.01.2021

Jerome Powell says regulating stablecoins is a Fed priority

Regulating stablecoins is more important than issuing a US digital dollar, said Federal Reserve Chair Jerome Powell during an online conference at Princeton University.

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ForkLog 27 09.01.2021

UK proposes regulation of stablecoins

The UK Treasury has begun consultations on regulating cryptocurrencies and stablecoins. The department proposes regulating the industry in line with traditional financial services.

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ForkLog 24 30.12.2020

GMO Internet wins New York license to issue stablecoins

The Japanese internet company GMO has received a license from the New York State Department of Financial Services (NYDFS) to issue stablecoins pegged to the Japanese yen and the US dollar.

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ForkLog 25 24.12.2020

U.S. President’s Working Group on Financial Markets outlines recommendations for stablecoin regulation

Stablecoins may be deemed securities, commodities or derivatives and fall under applicable regulatory regimes. This view was stated by the President’s Working Group on Financial Markets (PWG).

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ForkLog 33 23.12.2020

Stablecoin transaction volume surpassed $1 trillion

The total on-chain value transferred using stablecoins surpassed $1 trillion in 2020, according to The Block.

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ForkLog 15 11.12.2020

JPMorgan Conducted Test Intraday Repo Using JPM Coin on Upcoming Blockchain App

JPMorgan Chase conducted an intraday repo trade on an upcoming blockchain application. The calculations used the bank's developing stablecoin JPM Coin, according to a press release.

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