In our “Stablecoin” section, we cover news and developments related to stable cryptocurrencies pegged to fiat currencies or other assets. Here you will find information about popular stablecoins, their mechanisms, and their role in the crypto economy. Read the “Stablecoin” section on ForkNews to stay informed about the stablecoin market.
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A new title unit has appeared in the WebMoney Transfer system - WMT, backed by the stablecoin Tether (USDT).
Against the backdrop of Bitcoin falling to $25,000, the price of the stablecoin USDT tested the level of $0.94.
The company first announced the launch of Diem (formerly Libra) in 2019, but regulatory pressure prevented Facebook from implementing its plans.
According to Ethereum platforms Etherscan and Dune Analytics, Tether has added another address to its list of blocked addresses with a balance of over $1 million in USDT.
WhatsApp has launched a pilot project that allows “a limited number of people” in the US to send and receive stablecoins directly in the conversation window.
This Saturday, another 1 billion USDT was released on the TRON blockchain. The total stablecoin supply is around 76 billion.
The largest state bank in Russia, Sberbank, has submitted an application to the Bank of Russia to register its own blockchain platform.
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