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.
Tether (USDT) maintains leadership in the stablecoin market. Almost half of Bitcoin transactions are paired with USDT.
Cardano is set to roll out its first stablecoin, Djed, soon.
The market capitalization of stablecoins increased throughout 2021, surpassing $120 billion by September.
The largest state bank in Russia, Sberbank, has submitted an application to the Bank of Russia to register its own blockchain platform.
The first regulated stablecoin pegged to the euro will be issued by one of the oldest banks in the world - Bankhaus von der Heydt (BVDH)
After recent news that Facebook is going to engage in cryptocurrency developments, representatives of the WhatsApp subsidiary announced the creation of a new digital payment system.
There has been a lot of controversy surrounding the stablecoin Tether lately. This digital stablecoin is used as an equivalent to the US dollar. In theory, 1 Tether is attached to 1 US dollar. New Bloomberg research proves that the current balance of Tether fiat accounts is equal to or even greater than USDT, which was in circulation from September 2017 to July 2018.
This year, several stablecoins (Circle USD, Gemini Coin and PAX) have been listed on major cryptocurrency exchanges. For the first time since 2014, investors in the digital asset market have access to verified, backed and regulated alternatives to Tether (USDT).
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