Morgan Stanley Launches Stablecoin Reserve Fund
Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News Morgan Stanley Investment Management has introduced a new fund designed to support stablecoin issuers. The firm announced the Stablecoin Reserves Portfolio (MSNXX) in New York as part of its Institutional Liquidity Funds Trust, structured as a government money market fund. According to an April 23 press release, the fund aligns with the reserve requirements outlined in the GENIUS Act. The investment bank also says its main goal is to offer stablecoin payment issuers a compliant option for holding the funds backing their tokens. Fred McMullen, Co-Head of Global Liquidity at Morgan Stanley, believes the product
Source: https://cryptopotato.com/morgan-stanley-launches-stablecoin-reserve-fund/
