Morgan Stanley launches reserve product for stablecoin issuers

Morgan Stanley has launched a Stablecoin Reserve Portfolio for stablecoin issuers, Cointelegraph reported. The product allows issuers to deposit reserves of $10 million or more into the firm's money market fund, MSNXX, to earn interest. The fund maintains stability and liquidity by investing in short-term government bonds and cash equivalents. This offering is designed to comply with the proposed GENIUS framework for stablecoin regulation.