Crypto
Morgan Stanley launches money market fund for stablecoin reserves
Morgan Stanley has launched a government money market fund designed for stablecoin issuers seeking to hold reserves. According to CoinDesk, Morgan Stanley Investment Management introduced the Stablecoin Reserve Portfolio. The fund is aimed at issuers of dollar- and other fiat-linked stablecoins that must hold assets such as dollars to back tokens in circulation. The fund, ticker MSNXX, invests only in U.S. short-term Treasuries and repurchase agreements and targets a $1 net asset value.
