Sebastien Rousseau

Блокчейн і цифрові активи

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

TOPIC

Blockchain & Digital Assets

Блокчейн і цифрові активи: токенізація, ERC-20, стейблкоїни, інфраструктура криптовалют та регуляторні межі, які їх формують.

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

[UK 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.