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State Street targets stablecoin reserve boom with new money market fund

The asset manager joins BlackRock, Franklin Templeton and others competing to manage reserves backing the growing stablecoin market.

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State Street targets stablecoin reserve boom with new money market fund
The asset manager joins BlackRock, Franklin Templeton and others competing to manage reserves backing the growing stablecoin market.

Why this matters

BlackRock is showing up inside the Stablecoins theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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