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Morgan Stanley Launches a Stablecoin Reserves Portfolio to Support the GENIUS Act
Morgan Stanley investment bank has launched a new product called the Stablecoin Reserves Portfolio, designed for stablecoin issuers to store their reserve assets.
This product takes the form of a government money market fund, focusing on secure instruments such as government bonds and high-quality liquid assets.
The launch is linked to a new regulatory plan in the United States through the GENIUS Act, which aims to regulate stablecoin reserve management more strictly.
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BTC is currently weakening, a price decline is most likely to occur at $74 $BTC