Morgan Stanley Investment Management has launched a stablecoin reserve portfolio, which is a government money market fund designed to meet investment requirements under the proposed GENIUS Act for stablecoin issuers.
This fund, part of Morgan Stanley's institutional liquidity fund with the ticker MSNXX, will enable stablecoin payment issuers to invest the required reserves backing their existing stablecoins. The portfolio aims to preserve capital, provide daily liquidity, and generate income while maintaining a stable net asset value of $1.00.
This fund, part of Morgan Stanley's institutional liquidity fund with the ticker MSNXX, will enable stablecoin payment issuers to invest the required reserves backing their existing stablecoins. The portfolio aims to preserve capital, provide daily liquidity, and generate income while maintaining a stable net asset value of $1.00.