BlackRock Unveils GENIUS-Compliant Money Market Fund for Stablecoin Issuers
BlackRock is launching a new money market fund, the BlackRock Select Treasury Based Liquidity Fund (BSTBL), specifically designed to comply with the GENIUS Act. This positioning allows the world’s largest asset manager to cater to stablecoin issuers needing to maintain high-quality, liquid reserves under forthcoming U.S. regulations.