Follow UsState Street targets stablecoin reserve boom with new money market fund
Bullish+1.98%
16 Jun, 14:27
Source: CoinDesk
AI Summary
State Street launches a new money market fund to compete for stablecoin reserve management, joining BlackRock and Franklin Templeton in capturing growth from the expanding stablecoin market.
The asset manager joins BlackRock, Franklin Templeton and others competing to manage reserves backing the growing stablecoin market.