Crypto

Morgan Stanley Targets BlackRock With Money Market Fund for Stablecoin Issuers

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In brief

  • Morgan Stanley is positioning itself as a firm that can help stablecoin issuers manage reserves with a money market fund.
  • The product was specifically designed to comply with the GENIUS Act, and address a “significant increase in stablecoin issuers.”
  • Circle parks its reserves in a…

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