BlackRock, one of the world's largest asset management firms, will introduce a new Genius Act-compliant money market 0 move aims to streamline the reserve holding process for stablecoin 1 to Introduce Genius Act-Compliant Money Market Fund for Stablecoin Issuers The new fund is reportedly designed to enable US-based stablecoin projects to manage their reserves in compliance with regulatory 2 the Genius Act, the fund will offer greater transparency, auditability, and asset security. BlackRock's initiative also demonstrates the increasing integration of traditional financial institutions into the digital asset 3 fund is expected to provide a potential reserve management solution for stablecoin issuers like Circle (USDC) and PayPal (PYUSD).
This move by the company once again reveals BlackRock's continued interest in crypto and blockchain-based financial 4 emphasize that this step could increase institutional confidence in the stablecoin market and accelerate the process of regulatory compliance. *This is not investment 5 Reading: Asset Management Company BlackRock Launches New Money Market Fund for Stablecoin Issuers! Details Here
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