Tonight I’ve been watching Bitcoin grind around $80,000 until my eyes went blurry, so I casually checked the news 😂
BlackRock signed an MOU with Japan’s SBI and Startale:
They’re exploring connecting BUIDL, BlackRock’s $2.17 billion tokenized money market fund, with JPYSC, the yen stablecoin SBI launched this June.
In plain English, this could mean people will be able to use yen to buy dollar money market funds directly on-chain.
SBI boss Yoshitaka Kitao put it this way: on-chain finance is an unstoppable trend, and Japan needs to lead the way.
As a seasoned crypto trader who pays tuition in the futures market every day, my first reaction to this news was:
The big institutions are laying the groundwork brick by brick, while I’m busy fighting myself on the 5-minute chart.
For now, it’s only an MOU. Any rollout depends on regulators giving the green light, so it probably won’t send any coins soaring in the short term.
But I’ll be keeping a closer eye on stablecoins and the RWA space going forward.
#BlackRock #RWA #稳定币 $BTC
BlackRock signed an MOU with Japan’s SBI and Startale:
They’re exploring connecting BUIDL, BlackRock’s $2.17 billion tokenized money market fund, with JPYSC, the yen stablecoin SBI launched this June.
In plain English, this could mean people will be able to use yen to buy dollar money market funds directly on-chain.
SBI boss Yoshitaka Kitao put it this way: on-chain finance is an unstoppable trend, and Japan needs to lead the way.
As a seasoned crypto trader who pays tuition in the futures market every day, my first reaction to this news was:
The big institutions are laying the groundwork brick by brick, while I’m busy fighting myself on the 5-minute chart.
For now, it’s only an MOU. Any rollout depends on regulators giving the green light, so it probably won’t send any coins soaring in the short term.
But I’ll be keeping a closer eye on stablecoins and the RWA space going forward.
#BlackRock #RWA #稳定币 $BTC
