BlackRock has redesigned one of its flagship money market funds to meet new US stablecoin rules. The $13.5 trillion asset manager said the revamped fund, called the BlackRock Select Treasury Based Liquidity Fund (BSTBL), will help manage reserves for companies behind US dollar-pegged stablecoins, offering them a safe place to park customer funds, according to CNBC. “We...
The post BlackRock takes a piece of booming stablecoin market with redesigned fund first appeared on Gulf Crypto Insight.
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|---|---|---|---|---|
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