BlackRock Plans BRSRV and BSTBL Money Market Funds for Stablecoin Holders

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BlackRock plans two money market funds, BRSRV and BSTBL, for investors who keep cash in stablecoins. BRSRV share tokens are planned for multiple chains, while BSTBL share tokens are planned for Ethereum. BlackRock’s BUIDL fund, launched in 2024, currently manages $2.5 billion in assets.

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