FASB Proposal Sets a High Bar for Stablecoins as Cash Equivalents
A FASB proposal would let some stablecoins qualify as cash equivalents only when holders have direct redemption rights and reserves meet strict conditions.
Tag: stablecoin reserves
BlackRock Launches Onchain Stablecoin Reserve Fund
BlackRock launched an onchain government money market fund designed for payment-stablecoin reserves, with a $3 million minimum investment.
State Street Targets Stablecoin Reserves With New Money Market Fund
State Street has introduced a government money market fund for stablecoin reserve managers, with Anchorage Digital and State Street Bank among its initial investors.