BlackRock, SBI Holdings, and Startale will explore connecting tokenized money market funds with SBI's Japanese yen-pegged stablecoin JPYSC.
This is the summary The Block publishes in its feed. The full article lives on their site.
Ripple's structure places reserve management and custody under federal supervision while leaving issuance with the New York-regulated entity.
The approval clears the way for Ripple to manage reserves backing its RLUSD stablecoin and provide digital asset custody.
Ottawa opened a 60-day consultation on draft rules requiring one-to-one reserves and fast redemption from stablecoin issuers, while keeping the ban on paying holders interest.
The announcement followed the banking regulator finalizing its rules for the GENIUS Act, a stablecoin law to be implemented in January
The product moves USDC and peso-pegged MXNB into noncustodial lending vaults, with variable returns and no deposit insurance.
Link says funded balances are held in USDC, while Tempo founder Matt Huang says stablecoins on its blockchain power the feature.
