Topic: #reserves
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China's gold reserves hit $350B as PBOC extends 21-month buying streak
China's central bank reported gold reserves valued at $350.08 billion at the end of August, marking a significant jump from $306.35 billion in July. The PBOC has maintained 21 consecutive months of gold purchases, the longest streak on record, as Beijing diversifies away from dollar-denominated assets amid geopolitical tensions.
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Fidelity launches stablecoin reserve fund, joining BlackRock and JPMorgan
Fidelity Investments launched the Fidelity Reserves Digital Fund on June 18, a money market fund designed to hold stablecoin reserves in short-term Treasury bills and cash. The move follows similar offerings from BlackRock, State Street, Goldman Sachs, and JPMorgan, as the stablecoin reserve management market could expand to $4 trillion.