JP Morgan is rolling this out. The ticker is JLTXX. The fund invests exclusively in US Treasury securities and overnight repo collateralization by treasuries and cash targeting a dollar.JP Morgan managed it to meet the eligible reserve asset requirement. I thought it was interesting. It actually very smart.J I'm going read this again. JP Morgan manages it, which is their money market fund, to meet the eligible reserve asset requirements that stable coin issuers may need under the genius. ...

RT Market Bubble (@MarketBubble)Ansem explains why Coinbase acquiring Hyperliquid’s native stablecoin is bullish“The entire treasury TVL on Hyperliquid, which is around $5B is now going to be supported by Coinbase and Circle”“This added an entirely new revenue line to Hyperliquid and also great alignment with Coinbase which is one of the strongest US companies for Crypto”“People kind of see them as competitors… but this alignment is really crucial”“This added around $150,000,000 estimated” ...

RT ErnestoRw🔶 (@Ernesto_bcz)During #BinanceOnline, CZ shared his insights and He said: “You may think a stablecoin is just a simple stablecoin, but it is actually financial access for millions of people in different parts of the world.”My POV: @cz_binance always makes every detail count🫡 If you know what #BNB stands for in full, you already understand the message behind this background🔶💛Build N Build is the mission🔶#SuperApp #CZ ...

The American Bankers Association just sent an emergency letter to every bank CEO in America — on Mother's Day — demanding they kill stablecoin yield before Thursday's Senate vote. Here's what that panic actually means for you. In today's livestream: - Banks go to war with stablecoins ahead of Thursday Senate markup - Saylor buys 535 BTC and clarifies what "never sell" actually means - BlackRock files 2 tokenized money market funds — going around the banks The links below may include affiliate links, which m ...

What's so interesting is the way in which you make an awful lot of your profits is largely based on government and yields, of course, with the money that you sit upon. Jeremy, how are you thinking about that amount that you currently earn back and how you're diversifying the business. Yeah.I mean, look. When when we went public last year, we talked a lot about we're building the world's largest stablecoin network. We want that network to provide the highest utility form of digital dollar money in the world. ...

RT Usman Adk🔺 (@CreativityEngr)Avalanche stayed busy this week 🔺Institutions moving in while builders kept shipping worldwide.Here’s what happened:🔺 @BridgeTowerCap brings $11B+ real-world asset infrastructure to @avax, focused on institutional tokenization and capital markets🔺 @progmat_en advances Japan’s $1.6T government bond repo market on Avalanche, pushing tokenized finance and stablecoin settlement infrastructure onchain🔺 @CMEGroup launches $AVAX futures, expanding institutional market access🔺 @Avalan ...

Elizabeth Warren said Meta’s reported plans to partner with a third-party stablecoin issuer could undermine “competition, privacy… and financial stability.” https://t.co/S9xH1RO8ce ...