BlackRock Launches Fund Boosting Stablecoin Reserves, Potentially Creating $4 Trillion Market

BlackRock has introduced a new fund focused on stablecoin reserves, aiming to boost the market by potentially reaching $4 trillion in the next decade. This initiative specifically targets institutional issuers like Circle’s USDC (USD Coin). The fund, aligned with the GENIUS Act, integrates traditional finance mechanisms with the expanding stablecoin sector. It focuses on short-term U.S. Treasury securities to manage stablecoin reserves effectively.