Coinbase Powers Stablecoin Payments for Spiko’s Government Bond Funds, a First for EU-Regulated Funds — 2026-06-30

## Short Segments Coinbase is breaking new ground by enabling stablecoin payments for Spiko’s government bond funds, marking a first for EU-regulated funds. Today, we'll explore how Morph is integrating the USDGO stablecoin for enterprise cross-border payments, JPMorgan's call for stablecoin oversight in the U.S., and the Bank of England's joint regulation approach for systemic stablecoin issuers. We'll also cover New York Life's tokenization move with Centrifuge and the FCA's simplified stablecoin rules. Later, we'll dive deeper into Coinbase's partnership with Spiko and its implications for the EU financial landscape. Morph integrates USDGO stablecoin for enterprise cross-border payments. Enterprise payment network Morph has announced the integration of USDGO, a U.S. dollar stablecoin issued by Anchorage Digital Bank, into its platform. This move aims to provide a regulated settlement asset for businesses engaged in cross-border transactions. USDGO's integration on Morph extends its multi-chain presence, offering businesses access to a federally regulated asset for seamless international payments. With the stablecoin market's total supply nearing $296 billion, this development highlights the growing demand for regulated digital assets in enterprise payment solutions. For businesses, this means more efficient and compliant cross-border transactions, leveraging the stability and regulatory backing of USDGO. JPMorgan backs U.S. crypto rules, seeks stablecoin oversight. JPMorgan has expressed support for establishing a U.S. regulatory framework for digital assets, emphasizing the need for strong safeguards. The bank's executives argue that crypto assets functioning like securities should face similar investor protections. They also stress that deposit-like stablecoins should be subject to banking regulations. As Congress debates the Clarity Act, JPMorgan's stance underscores the importance of closing regulatory gaps to foster industry maturity. This push for oversight reflects a broader industry trend towards ensuring stability and trust in digital asset markets, which could lead to more robust regulatory measures in the near future. Bank of England and FCA's joint regulation of systemic stablecoin issuers. The Bank of England and the Financial Conduct Authority have outlined a coordinated regulatory framework for systemic stablecoin issuers in the UK. This approach aims to provide clarity and certainty for firms issuing stablecoins, ensuring they meet the same trust standards as traditional money. The framework will regulate UK-issued stablecoins and their use in retail payments, addressing potential risks to financial stability. This joint effort highlights the UK's commitment to fostering innovation in money and payments while maintaining public trust and financial stability. New York Life partners with Centrifuge on tokenized bond strategy. New York Life Investment Management is making its first foray into tokenization by partnering with Centrifuge to launch a tokenized high-yield corporate bond strategy. This move allows eligible investors to access New York Life's established institutional strategy on the blockchain. As Wall Street continues to explore tokenization beyond Treasury funds, this partnership represents a significant step in bringing traditional financial products into the digital asset space. For investors, this means new opportunities to engage with high-yield strategies through a more accessible and innovative platform. FCA simplifies stablecoin rules, lowering capital requirements. The UK's Financial Conduct Authority has published its final cryptoasset rulebook, reducing the capital floor for stablecoin issuers to 1% of issued value. This change aims to make it more cost-effective for stablecoin businesses to operate in the UK, potentially attracting more firms to the region. By lowering capital buffers and dropping holding limits, the FCA is positioning the UK as a competitive hub for stablecoin innovation, challenging the EU's MiCA framework. This regulatory shift could lead to increased stablecoin activity and innovation within the UK market. ## Feature Story Coinbase powers stablecoin payments for Spiko’s government bond funds, a first for EU-regulated funds. In a groundbreaking move, Coinbase has partnered with French fintech firm Spiko to enable stablecoin payments for European and U.S. short-term government bond money market funds. This integration marks the first time a fund regulated under the European Union’s UCITS framework supports stablecoin payments, bridging traditional finance with digital asset liquidity. Through Coinbase Payments, investors can now deposit and redeem using USDC and EURC stablecoins, offering near-instantaneous settlement on the Base network. This development is significant as it represents a major step in integrating digital assets into traditional financial systems, particularly within the highly regulated EU market. By leveraging Coinbase's infrastructure, Spiko is able to offer a more efficient and liquid investment experience, potentially attracting a new wave of institutional investors seeking the benefits of stablecoin transactions. The partnership comes on the heels of Coinbase securing a MiCA license in Europe, further solidifying its position as a leader in the digital asset space. For Spiko, this collaboration not only enhances its product offerings but also positions it at the forefront of financial innovation in the EU. Looking ahead, this integration could pave the way for more EU-regulated funds to adopt stablecoin payments, driving further adoption of digital assets in traditional finance. As regulatory frameworks continue to evolve, the success of this partnership may serve as a model for other financial institutions seeking to bridge the gap between conventional finance and the burgeoning digital asset ecosystem. For investors, the ability to use stablecoins in regulated funds offers a new level of flexibility and efficiency, potentially transforming how they engage with financial markets. As the landscape of finance continues to shift, the integration of stablecoins into regulated frameworks could become a key driver of innovation and growth in the industry.