Morgan Stanley Launches Stablecoin Reserve Fund to Support Digital Asset Industry
Morgan Stanley has introduced the Stablecoin Reserves Portfolio, a government money market fund designed for stablecoin issuers to securely store their cash reserves. The fund focuses on low-risk assets like U.S. Treasury bills and repurchase agreements, aiming to maintain a stable $1 net asset value. This move aligns with the GENIUS Act, which requires stablecoin providers to hold reserves in regulated vehicles.
Tickers: $MS
Topics: digital assets financial services Morgan Stanley regulation stablecoins