BlackRock Expands Stablecoin Push with Fund to Manage Reserve Assets
BlackRock bets on stablecoins. The Wall Street giant said Thursday that it will retool one of its money market funds to explicitly serve U.S. stablecoin issuers, making the fund an approved reserve asset for such tokens under the recently passed law. GENIUS Law. The BlackRock Select Treasury Based Liquidity Fund (BSTBL) will eliminate agency investments,…