Markets Correspondent
Marcus Reilly covers monetary policy, Treasury markets and the transmission of interest rates into bank and insurer balance sheets.
He reports on the mechanics that move yields — auction dynamics, buyback operations and dealer positioning — rather than the day-to-day narrative around them.
He also covers cross-border payments and stablecoin settlement infrastructure, where his reporting emphasizes the distinction between contracted and live production volume.
New York Life Investment Management arranged the facility and led alongside MetLife Investment Management and Equitable, with Pacific Life and Victory Park Capital joining as new partners, to fund fixed-rate installment loans for motorcycles, ATVs and outdoor power equipment.
By Marcus Reilly · Oct. 7, 2026
The two proposed rules would require one-to-one reserve backing in cash and short-term Treasuries, plus a graduated operational-risk capital charge starting at 2% of outstanding stablecoins and stepping down as issuance scales. Regulators say issuers that fall short of the standards could face mandatory liquidation and redemption.
By Marcus Reilly · Sept. 26, 2026
The preliminary approval would let Agora issue dollar-backed stablecoins and offer custody, payment, settlement and fiduciary investment services under a single federal charter. Agora still has to clear capital, liquidity and governance conditions, and any stablecoin activity must conform to the GENIUS Act, before it can open for business.
By Marcus Reilly · Sept. 21, 2026
The Chicago-based consumer lender has applied to the OCC and FDIC to charter Avant Bank, N.A., a move meant to cut its funding costs and replace state-by-state lending licenses with a single federal charter.
By Marcus Reilly · Sept. 19, 2026
S&P Global agreed to acquire OpenZeppelin, the smart-contract security firm whose open-source code libraries underpin much of the infrastructure behind major stablecoins and tokenized funds, as the ratings giant builds out risk-assessment tools for onchain markets.
By Marcus Reilly · Sept. 18, 2026
Oasis Pro Markets, a subsidiary of Ondo Finance, joined DTCC's Fund/SERV network, giving tokenized fund products a standardized connection into the infrastructure that already processes the bulk of U.S. mutual fund transactions.
By Marcus Reilly · Sept. 17, 2026
The West Virginia bank’s pilot with Velocity funds push-to-card payouts using stablecoin liquidity behind the scenes, with licensed partners handling the digital-asset conversion so the underlying Visa Direct workflow looks unchanged to the businesses using it.
By Marcus Reilly · Sept. 12, 2026
The partnership plugs Coinbase’s payments API and custodial wallet technology into Moov’s existing infrastructure, letting small banks and credit unions offer stablecoin settlement without building their own crypto stack. Neither company has disclosed a rollout date or named pilot participants.
By Marcus Reilly · Sept. 11, 2026
The bank moved funds between its North American and European entities using its own dollar-backed token, USBDC, testing minting, redemption, freezing and clawback controls. There is no announced date for a client-facing product.
By Marcus Reilly · Sept. 11, 2026
The exchange operator’s venture arm is putting money behind Payward as they build shared infrastructure for Nasdaq Equity Tokens, which the companies aim to launch in the second quarter of 2027. A reported $21 billion valuation for Payward has not been confirmed by either company.
By Marcus Reilly · Sept. 10, 2026
The USDC issuer says absorbing Tazapay’s bank and fintech partner network across more than 100 markets will help make its stablecoin a default settlement rail for cross-border B2B payments. The deal is not expected to close until 2027, pending regulatory approval in Singapore.
By Marcus Reilly · Sept. 8, 2026
The buy-now-pay-later lender reported $1.17 billion in revenue and $14.1 billion in gross merchandise volume for its fiscal fourth quarter, its most profitable to date, even as the CEO pointed to pressure on consumer wallets.
By Marcus Reilly · Sept. 2, 2026
The buy-now-pay-later lender posted its second straight profitable quarter and raised full-year margin guidance, even as it signaled volume growth is moderating from the pace it ran through 2025.
By Marcus Reilly · Sept. 1, 2026
Long-term Treasury yields, not the policy rate, are doing most of the work in markets — pushed around by the Treasury’s larger buybacks of longer-dated debt.
By Marcus Reilly · Aug. 24, 2026
SC Ventures and Sony Innovation Fund joined a strategic round that takes the Atlanta company past $120 million in equity, with Latin America and Asia-Pacific next.
By Marcus Reilly · Aug. 24, 2026