Inside Fidelity's Reserves Digital Fund: What the SEC Filing Shows
Fidelity's SEC filing reveals the Reserves Digital Fund holds only 93-day Treasuries and GENIUS Act-compliant assets, with a $1M minimum and blockchain share class planned.
Macro
Wyoming Stable Token Commission Targets August 20 for WYST Stablecoin Mainnet Launch
Wyoming Stable Token Commission targets August 20, 2026 for WYST mainnet launch, advancing the next generation of the first US state-issued stablecoin program.
State Street Launches GENIUS Act-Aligned Money Market Fund for Stablecoin Reserve Management
State Street launches SSCXX, a GENIUS Act-aligned government money market fund for stablecoin issuers to hold reserves in US Treasuries. June 17, 2026.
British Neobank Plasma Launches Plasma One, Its Flagship Stablecoin Banking Product Built on Its Own Blockchain
British neobank Plasma launches Plasma One on June 17, its flagship stablecoin banking product built on the Plasma Network blockchain for instant global payments.
Ripple Invests in Flutterwave at $3.2 Billion Valuation to Bring RLUSD and XRP Ledger to Africa
Ripple invests in Flutterwave's Series E at a $3.2B valuation to integrate RLUSD and XRP Ledger into Africa's largest payments network. June 16, 2026.
Orbital Announces US Expansion in Miami to Serve Institutional Stablecoin and Cross-Border Payment Demand
Orbital announces a Miami US expansion to serve institutions building stablecoin and cross-border payment infrastructure following the GENIUS Act. June 15, 2026.
Six Federal Agencies Have 35 Days to Finalize GENIUS Act Stablecoin Rules by July 18
Six federal agencies have 35 days to finalize GENIUS Act stablecoin rules by July 18, 2026. OCC sets $5M capital floor. FDIC confirms no deposit insurance for holders.
CoinDesk Opinion: Stablecoins Scaled as Digital Cash, Not Productive Capital
CoinDesk's John O'Connor argues stablecoins have scaled as digital money rather than productive capital, raising questions about yield restrictions under the GENIUS Act.
Japan's Three Largest Banks MUFG, SMBC, and Mizuho Announce Joint Yen Stablecoin Targeting March 2027
Japan's three largest banks MUFG, SMBC, and Mizuho signed an MOU on June 10 to jointly issue a yen stablecoin targeting live transactions by March 2027.
MassPay and Coinbase Partner to Bring Stablecoin-Powered Payouts to Businesses Across 180 Countries
MassPay and Coinbase partner to enable USDC-powered cross-border payouts across 180 countries. Clients report 40% to 70% cost reduction versus international wires.
Crossmint and Paga Partner to Bring Multi-Chain Stablecoin Infrastructure to Africa
Crossmint and Paga partner to bring multi-chain stablecoin infrastructure and instant global payments to millions across Africa. June 10, 2026.
Stablecoin Market Cap Hits Record $322 Billion, Surpassing FX Reserves of 95 Nations Including the UK and Canada
The stablecoin market has hit a record $322 billion, surpassing the FX reserves of 95 nations including the UK, Canada, and UAE, CoinDesk reports.
Standard Chartered Acquires Zodia Custody and Spins Out Zodia Solutions in Institutional Digital Asset Restructuring
Standard Chartered acquires Zodia Custody's regulated business, integrating it into its investment bank while spinning out Zodia Solutions as a standalone platform.
Oobit Launches Oobit Business: A Stablecoin-Powered Corporate Finance Stack With 24-Hour Onboarding
Oobit launches Oobit Business, a stablecoin-powered corporate finance stack with card issuing, global payroll, vendor payments, and 24-hour onboarding.
The GENIUS Act Has a Loophole That Could Drain Community Banks. Here Is How It Works.
A GENIUS Act loophole lets stablecoin platforms offer deposit-like rewards, threatening to pull trillions from community banks and cut local lending capacity.
Fasset Raises $51M to Scale Stablecoin Banking Across Asia, Africa, and the Americas
Fasset raises $51M Series B to expand stablecoin banking across 50 plus corridors in Asia, Africa, and the Americas, serving 2M wallets and 1,000 SME clients.