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SEC‑registered Series Coin proposes yield‑bearing, Rule 2a‑7 stablecoin for state programs
Summary
Series Coin (presented by co‑founder Charlie Uchol) told the commission its SEC‑registered, Rule 2a‑7‑backed stablecoin tokenizes shares of a U.S. government money market fund so holders earn yield; the company pitched pilots for SNAP, SUNBucks and other state programs, described audit and custody arrangements, and said it plans a Solana migration.
SERIES COIN DETAILS A STATE‑ORIENTED STABLECOIN — Charlie Uchol, co‑founder and CIO of Series Coin (presented in the agenda as Sariscoin/Series Coin), told the commission he took the product directly to the SEC and secured registration for a securities‑backed, yield‑bearing stablecoin designed for government treasury and benefit programs.
Uchol described Series Coin as a tokenized share of a Rule 2a‑7 U.S. government money market fund. “Our coin represents a share of a U.S. government money market fund,” he said, adding the yield accrues to coinholders because the instrument is structured as a security rather than a payment stablecoin whose issuer retains yield. He said…
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