BlackRock & Stablecoins: A Most Convenient Arrangement š§
BlackRock, in a fit of modern efficiency, is rolling out a thoroughly revamped money market fund. This is all, naturally, to comply with the rather ponderously named GENIUS Act legislation. A strategic positioning, of course, to be a āgood servantā – a phrase one hasnāt heard since the decline of the British Empire – to these stablecoin issuers. These issuers, you see, must now possess reserves of a suitably liquid and high-quality nature, as dictated by the federal framework. A tiresome obligation, no doubt, but one BlackRock is eager to facilitate⦠for a fee.



