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Race to Bank and Distribute Stablecoin Reserves

Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.

forming · confidence 54 · Medium term (3-9 months) · tracking since June 16, 2026 · updated June 16, 2026

Related articles

State Street and Tether Moves Show the Race to Bank Stablecoin Reserves

State Street and Tether Moves Show the Race to Bank Stablecoin Reserves

State Street is launching a money market fund aimed at stablecoin reserves as Tether signs a blockchain deal with Dubai's commodity authority.

2 sources

Confirms · State Street is launching a money market fund for stablecoin reserves and Tether signed a Dubai commodity-authority deal, while Ripple took a stake in Flutterwave to push RLUSD rails across Africa.