The Evolution of Stablecoin Reserves
summary
Announces a shift from keeping 10–20% of a $100M stablecoin in cash to holding cashless reserves composed of tokenized money market funds from JP Morgan via Anchorage on Solana, enabling 24/7 redemption and claiming a full 100% redemption even on a Saturday. Reports about ~10% annual yield improvement versus cash, large reduction in bank counterparty risk after 2023 bank failures, and a market rollout planned for early Q3.
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