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Benzinga
Benzinga
Business
Khyathi Dalal

BlackRock To Launch Revamped Money Market Fund For Serving Stablecoin Issuers

BlackRock BLK United States Bitcoin
BlackRock

BlackRock (NYSE:BLK) is introducing a redesigned money market fund, the BlackRock Select Treasury Based Liquidity Fund (BSTBL), aligning with the newly enacted GENIUS Act, the first comprehensive U.S. federal framework for stablecoins.

What Happened: The updated BSTBL is tailored for stablecoin issuers required to maintain high-quality, liquid reserves under federal regulation.

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