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State Street targets stablecoin reserve boom with new money market fund
As reported by CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
The asset manager joins BlackRock, Franklin Templeton and others competing to manage reserves backing the growing stablecoin market.
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State Street is launching a new money market fund aimed at managing reserves for the rapidly expanding stablecoin market. This strategic move positions the asset manager in direct competition with established financial giants such as BlackRock and Franklin Templeton. The company…
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