The post BlackRock revamps its money market fund to tap booming stablecoin demand appeared on BitcoinEthereumNews.com. Key Takeaways BlackRock is restructuring its money market fund to meet the needs of stablecoin issuers under the US GENIUS Act. The move aligns the fund with the asset composition typically used to back regulated stablecoins such as USDC and PYUSD. BlackRock is reconfiguring its money market fund to cater specifically to stablecoin issuers, aligning with the new US stablecoin regulations under the GENIUS Act, CNBC reported Thursday. The restructured BlackRock Select Treasury Based Liquidity Fund now focuses on investments in short-term US Treasury securities and overnight repurchase agreements, providing a secure and liquid option for managing stablecoin reserves. The GENIUS Act requires stablecoin issuers to maintain full reserve backing with assets like US Treasuries. BlackRock’s new fund will provide streamlined custody solutions that allow issuers to meet these legal standards without operational disruptions. The changes are designed to meet the growing demand for regulated, yield-bearing reserve options as stablecoin issuance is projected to significantly increase. Source: https://cryptobriefing.com/blackrock-genius-compliant-money-market-fund-stablecoin-issuers/The post BlackRock revamps its money market fund to tap booming stablecoin demand appeared on BitcoinEthereumNews.com. Key Takeaways BlackRock is restructuring its money market fund to meet the needs of stablecoin issuers under the US GENIUS Act. The move aligns the fund with the asset composition typically used to back regulated stablecoins such as USDC and PYUSD. BlackRock is reconfiguring its money market fund to cater specifically to stablecoin issuers, aligning with the new US stablecoin regulations under the GENIUS Act, CNBC reported Thursday. The restructured BlackRock Select Treasury Based Liquidity Fund now focuses on investments in short-term US Treasury securities and overnight repurchase agreements, providing a secure and liquid option for managing stablecoin reserves. The GENIUS Act requires stablecoin issuers to maintain full reserve backing with assets like US Treasuries. BlackRock’s new fund will provide streamlined custody solutions that allow issuers to meet these legal standards without operational disruptions. The changes are designed to meet the growing demand for regulated, yield-bearing reserve options as stablecoin issuance is projected to significantly increase. Source: https://cryptobriefing.com/blackrock-genius-compliant-money-market-fund-stablecoin-issuers/

BlackRock revamps its money market fund to tap booming stablecoin demand

2025/10/16 21:27
1 min di lettura
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Key Takeaways

  • BlackRock is restructuring its money market fund to meet the needs of stablecoin issuers under the US GENIUS Act.
  • The move aligns the fund with the asset composition typically used to back regulated stablecoins such as USDC and PYUSD.

BlackRock is reconfiguring its money market fund to cater specifically to stablecoin issuers, aligning with the new US stablecoin regulations under the GENIUS Act, CNBC reported Thursday.

The restructured BlackRock Select Treasury Based Liquidity Fund now focuses on investments in short-term US Treasury securities and overnight repurchase agreements, providing a secure and liquid option for managing stablecoin reserves.

The GENIUS Act requires stablecoin issuers to maintain full reserve backing with assets like US Treasuries. BlackRock’s new fund will provide streamlined custody solutions that allow issuers to meet these legal standards without operational disruptions.

The changes are designed to meet the growing demand for regulated, yield-bearing reserve options as stablecoin issuance is projected to significantly increase.

Source: https://cryptobriefing.com/blackrock-genius-compliant-money-market-fund-stablecoin-issuers/

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