Funds structured as stablecoin issuer Circle’s BlackRock-managed USDC reserve fund “generally will be deemed ineligible” for the NY Fed’s reverse repurchase program under the new rules. sndr_krisztian reports
) Wednesday in a way that could prevent stablecoin issuer Circle from accessing the prized Fed facility.by the NY Fed, funds “organized for a single beneficial owner,” registered as “2a-7 funds” at the Securities and Exchange Commission , “generally will be deemed ineligible” under the new rules.
The Circle Reserve Fund, managed by global investment management giant BlackRock Advisors, appears to fall into this category.lets selected counterparties – money market funds, banks – lend overnight to the Fed at a fixed rate, currently at 4.8%. While the facility was originally created as a stabilization tool for the financial system, it has become a highly attractive vehicle to earn high yield with minimal counterparty risk.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Cook County provides $1 million in rescue plan funds for South Holland recycling centerObsolete personal computers, outdated microwave ovens and old bedding can find new life at a Cook County-funded recycling center at South Suburban College in South Holland.
続きを読む »
Crypto Investment Funds Have First Week of Outflows in 6 WeeksDigital asset investment funds had their first week of outflows in six last week, totaling $30 million, according to a report by CoinShares. LedesmaLyllah reports.
続きを読む »
Global Center makeover already dipping into contingency funds; take a look at the work underwayConstruction is underway to officially dissolve the Global Center for Health Innovation into an extension of the Huntington Convention Center of Cleveland – a multi-million dollar renovation that officials say is necessary to attract future business.
続きを読む »
Ex-bookkeeper for two San Diego companies sentenced for embezzling fundsA San Diego woman who worked as a bookkeeper for two local companies and embezzled more than $900,000 from her employers was sentenced Monday to two years and five months in federal prison.
続きを読む »
Pension funds are feeling the pain of commercial-real-estate woesBanks aren't the only ones that hold risky commercial-real-estate debt. Pension funds are about to feel the pain, too.
続きを読む »
TinyTap raises funds at $100 million valuation to decentralize educationTinyTap, the edtech company owned by Animoca Brands, raised $8.5 million in new funding, aiming to 'disrupt education with Web3.'
続きを読む »