Morgan Stanley Launches Stablecoin Reserve Fund

ME News, April 24 (UTC+8), Morgan Stanley Investment Management (MSIM) announced the launch of the "Stablecoin Reserve Portfolio" (MSNXX), a government money market fund designed specifically for stablecoin issuers. The fund invests exclusively in highly liquid instruments such as U.S. Treasury securities and repurchase agreements backed by government securities, aiming to maintain a net asset value of $1 and provide daily liquidity. This move is intended to offer stablecoin issuers a compliant and low-risk reserve asset custody solution. (Source: MLion)
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