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Two new tokenized money market funds are now available for stablecoin reserve managers.
A tokenized money market fund holds short-term debt and records ownership as a blockchain-based token, meaning the position can be accessed and verified on-chain.
BlackRock launched both products, joining Morgan Stanley, State Street, and Fidelity in the category, with one fund carrying the ticker BRSRV.
What stablecoin reserves actually require A stablecoin is a digital asset pegged to a fixed value, typically one dollar. To hold that peg, the issuer must hold reserves: real assets backing every coin in circulation.
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