BlackRock Enhances Stablecoin Strategy with Treasury Fund Overhaul
BlackRock is intensifying its focus on stablecoin infrastructure by restructuring its Select Treasury-Based Liquidity Fund (BSTBL) to serve as a primary reserve vehicle for digital payment firms. The fund now concentrates on short-term U.S. Treasuries—deemed the safest assets for rapid liquidity—while eliminating agency investments and incorporating overnight repo agreements for enhanced flexibility.
The adjustments address surging demand for compliant reserve options among stablecoin issuers. Trading deadlines were extended to 5 p.m. ET to accommodate global participants, a MOVE BlackRock's cash management lead Jon Steel framed as responsive to market evolution. This positions BSTBL as a cornerstone for stablecoin reserves amid tightening regulatory scrutiny.
