#USD is issued based on the Ordinals protocol and is backed by US dollars
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Technologies
May 26, 2023
First BRC-20 standard stablecoin has been launched on the Bitcoin network#USD is issued based on the Ordinals protocol and is backed by US dollars
Market
May 26, 2023
Circle launches euro-backed stablecoin on the Avalanche blockchainThe asset will provide faster and more efficient payments and financial services for developers and users
Incidents
May 24, 2023
Fintoch DeFi project team steal $31,6 million from its usersThe platform promised a 1% daily return and claimed to be owned by Morgan Stanley
Market
May 19, 2023
JPMorgan calls the shrinking of the market stablecoin an obstacle to industry recoveryExperts highlighted the actions of US regulators in relation to the issuers of stablecoins
Market
May 11, 2023
New York City proposes the use of stablecoins as a bail payment methodCongressman Latrice Walker called for adding “fiat-collateralized stablecoins” to existing payment options
Crypto regulations
May 11, 2023
EBA chair calls for giving central banks the right to ban stablecoinsJosé Manuel Campa said that stablecoins could “become even more relevant” if they were compliant
Politics
May 11, 2023
Former SEC official calls for banning USDT stablecoin in the USJohn Reed Stark stated that there is no regulatory framework in the country that would ensure the safe operation of the company
Market
May 11, 2023
Tether makes almost $1,5 billion in profit for the first quarter of 2023The volume of the company’s excess reserves amounted to $2,44 billion
Market
May 11, 2023
Circle adjusts USDC reserves in case of a possible default in the USThe company has completely abandoned bonds maturing after the beginning of June
Market
May 4, 2023
TUSD representatives deny the connection of the stablecoin with Justin SunThe media said that the Techteryx conglomerate, which allegedly belongs to the businessman, bought the issuer of the stablecoin
Market
May 2, 2023
Number of stablecoins on exchanges reaches a two-year lowAccording to analysts, stablecoins’ exchange balance has fallen by 44% in 2023
Technologies
Apr 26, 2023
Circle launches bridge to transfer USDC between Ethereum and Avalanche networksBefore the launch, users had to use tools from third-party developers