Sebastien Rousseau

Blockchain & Aset digital

Articles on AI, post-quantum cryptography, ISO 20022 and the future of payments.

TOPIC

Blockchain & Digital Assets

Blockchain dan aset digital: tokenisasi, ERC-20, stablecoin, infrastruktur mata uang kripto, dan kerangka regulasi yang membentuknya.

Articles in this topic

BlackRock tokenised money market fund architecture diagram — BRSRV OnChain Shares and BSTBL ERC-20 share class with GENIUS Act reserve flows
Blackrock · Brsrv · Bstbl

[ID DRAFT] Stablecoin Yield by Another Name: BlackRock's BRSRV and BSTBL Filings Decoded

· Sebastien Rousseau

Stablecoins cannot pay yield under the GENIUS Act. On 8 May 2026, BlackRock filed two SEC registrations for products that solve this constraint by being regulated as money market funds rather than stablecoins — while behaving, in the wallet, like yield-bearing dollars. A close reading of BRSRV, BSTBL, and the OCC rulemaking they respond to.