Financial Shares Fall Slightly as Yields Keep Rising — Financials Roundup

Financial stocks were slightly down as markets anticipate interest rate increases by the Fed and Treasury have another quarter of rising yields.

A consortium backed by companies including BlackRock, Google and Coinbase said Tuesday that it is launching a stablecoin called Open USD. The new dollar-backed stablecoin is slated to be offered later this year on the Coinbase-affiliated blockchain Base, as well as on Solana and other networks.

Aflac on Tuesday said Aflac Life Insurance Japan found that an unauthorized party has gained access to some of its systems between June 15 and June 25, including files containing policy and coverage details, personal information and bank-account information.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires