Spiko announced on June 30 that its T-Bills money market funds now accept subscriptions and redemptions in USDC and EURC. The change connects stablecoin balances with the company’s dollar and euro funds through Coinbase Payments.
In its announcement, Spiko says the integration operates at the fund level. Investors who use stablecoins can move into or out of the funds through that payment route instead of first making a conventional bank transfer.
The payment method changes, not the fund
A stablecoin subscription is a way to pay for fund shares. It does not turn the shares into the stablecoin used to purchase them, or make the fund’s investment result identical to holding a digital-dollar balance.
Spiko describes the products as UCITS money market funds holding government Treasury bills. The announcement says the new payment option does not change the underlying product for investors who continue using bank transfers.
That distinction is useful for a business managing digital-asset liquidity. Moving from a stablecoin into a fund means changing the asset being held, even if the payment and ownership records both use digital infrastructure.
The resulting investment remains subject to the fund’s documents and operating conditions. A faster funding route is not a guarantee of returns or a removal of investment risk.
Coinbase connects the stablecoin payment leg
Spiko says Coinbase Payments has been integrated with the approval of its depositary bank, CACEIS, and the French market regulator, the AMF. Those are the company’s statements about the implementation.
The release contrasts blockchain transfers with bank-payment processing times, but it does not provide an unconditional completion time for every subscription or redemption. The payment leg and the fund’s own processing are separate parts of the workflow.
For an investor, the practical checks are the supported token, the network, the receiving instructions and when the fund records the transaction. Sending an asset to an unsupported network cannot be solved merely by recognizing the same token name.
The confirmed June change is a new way to fund and exit the existing products using EURC or USDC.
