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BlackRock takes a piece of booming stablecoin market with redesigned fund

BlackRock is expanding into the stablecoin market with a redesigned money market fund, compliant with the new GENIUS Act, to provide a secure reserve vehicle for issuers.

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💡 DMK Insight

DMK Insight: BlackRock's entry into the stablecoin market signals a significant shift towards institutional adoption of digital assets. By aligning with the GENIUS Act, the firm not only enhances regulatory compliance but also sets a precedent for other financial institutions. This move could lead to increased stability and trust in stablecoins, potentially attracting more investors to the crypto space.