Morgan Stanley Launches Fund for Stablecoin Reserves

Morgan Stanley Investment Management launched the Stablecoin Reserves Portfolio, a government money market fund aimed at stablecoin issuers in a sector with $316 billion in market capitalization. The fund invests only in U.S. Treasury bills and repurchase agreements. The structure targets a $1 net asset value and offers daily liquidity. The launch comes as the GENIUS Act moves through Congress and could require stablecoin reserves to sit in high-quality liquid assets held in regulated vehicles if passed.

GENIUS-7.18%
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