🔗 Crypto & Blockchain

Morgan Stanley's Stablecoin Reserves Fund: Wall Street's Crypto Power Grab

Imagine your remittances or cross-border payments suddenly backed by Morgan Stanley's ironclad reserves. That's the quiet revolution this new fund promises — or threatens, depending on who you ask.

Morgan Stanley logo overlaid on stablecoin icons and Treasury bills graphic

⚡ Key Takeaways

  • Morgan Stanley's MSNXX fund invests solely in T-bills and government repos for stablecoin reserve safety. 𝕏
  • Launched ahead of GENUIS Act, positioning the bank to dominate regulated reserve management. 𝕏
  • Shifts power from crypto issuers to Wall Street, echoing post-2008 money market reforms. 𝕏
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Originally reported by CoinDesk

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