Repo (Repurchase Agreement)

Repurchase agreements are the primary money market instrument for short-term liquidity: one party sells Treasuries with an agreement to repurchase them, effectively borrowing cash against government collateral. DTCC has live tokenized Treasury repo using USDC settlement. For PPSI reserves, repo positions backed by US Treasuries qualify as HQLA under the GENIUS Act, making repo market infrastructure directly relevant to stablecoin reserve management.

Canonical site: StableRepo.com Cross-references: StableHQLA.com, StableTbill.com, StablePPSI.com