BlackRock's Stablecoin Leap: New Fund for Digital Assets
Update: 2025-10-16
Description
BlackRock just made a major power play in stablecoins! They're revamping a massive money market fund to cater specifically to US stablecoin issuers needing GENIUS Act-compliant reserves. Fresh off hitting $1 trillion in their cash business and dominating crypto ETF trading, this move signals BlackRock's accelerating commitment to digital assets, including tokenizing traditional assets. Is this the next big step in BlackRock's crypto domination?
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