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With the stablecoin market at $320B and projected to hit $4T by 2030, Fidelity and State Street are racing to capture the reserve-management mandate the GENIUS Act just created.
The roadmap pairs a Q1 2027 tokenized gilt pilot with calls to upgrade payment rails, framing tokenization as core financial plumbing rather than a crypto side project.
State Street has launched a Rule 2a-7 government money market fund — the State Street Stablecoin Reserves Money Market…
One of Europe's largest asset managers just called the two biggest dollar stablecoins hedge funds in disguise — and pointed at Tether's $23B gold pile and USDC's 13% depeg as the receipts.
Bitcoin is wedged at $64K while ETF outflows, EU sanctions and a stalled CLARITY Act test just how patient institutional money really is.
Tokenized T-bills carry yield but settle slower and carry KYC baggage. USDT and USDC are faster and more flexible. Here is how to pick.
USDC and USDT face payment-stablecoin rules. BUIDL and OUSG look more like funds. The line between them is the fight.
BlackRock's BUIDL and Ondo's OUSG and USDY all tokenize short-duration US Treasuries, but they differ sharply on access, payouts, and chains.
Tokenized T-bill funds are regulated as securities. Most stablecoins are not. Here is how U.S. and EU frameworks draw that line, and why BlackRock's BUIDL looks nothing like USDC.
Stablecoin issuers turn USDT and USDC reserves into billions in T-bill yield. The full revenue stack also includes redemption fees, integration deals, and issuer tokens.
CLARITY Act momentum collides with an August deadline it likely cannot meet, while ETF flows, RWA tokenization and macro shocks tug the tape in opposite directions.
Marketed as 24/7, most tokenized Treasuries actually settle T+1 with minimums and gates. Here's what BUIDL, OUSG, USDY, and USYC can and can't do.
Circle mints, Tether shuffles, and State Street launches a reserve fund — beneath the ETF noise, the dollar rails are being rebuilt.
USDC issuance, a $53B PayPal bid, and cross-border rules all arrived on the same day. The through-line isn’t CPI. It’s the rails.
A 1% allocation from Japan's pension giant collides with Hormuz shocks, ETF outflows, and a treasury-equity unwind — utility and speculation are pulling in opposite directions.
Treasury unwind, miner bankruptcies, and a $225M ETF reversal meet bullish Deribit bets — a market being repositioned, not panicked.
BlackRock's Fink frames the selloff as forced selling, but spot ETF outflows and a record Coinbase discount tell a more cautious story.
WLFI raised hundreds of millions in a presale promising governance over a treasury tied to USD1. Here is what the token actually does, and what it does not.
Tokenized money market funds are regulated fund shares with floating NAVs, while stablecoins are payment tokens pegged to $1. The legal wrapper changes everything.
Most euro and dollar stablecoins sold in the EU now run under a MiCA license or an older e-money license. Here is how the regimes differ in practice.
CoinDesk
TheBlock
Alex Morgan
Ethan Brooks
Marco De Santis