💥 Gate Square Event: #PostToWinCGN 💥
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
CandyDrop 👉 https://www.gate.com/announcements/article/47763
📌 How to Participate:
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostToWinCGN
4️⃣ Include a screenshot s
BlackRock will launch a money market fund compliant with the GENIUS Act for the custody of stablecoin reserves.
BlackRock is expanding into the stablecoin sector with its new fund BlackRock Select Treasury Based Liquidity Fund (BSTBL), aimed at managing reserves for issuers of USD-pegged stablecoins. According to CNBC, the fund will invest entirely in short-term Treasury bonds and overnight repurchase agreements, providing high safety and liquidity. BlackRock stated that this fund aligns with the GENIUS Act – the first legal framework in America for stablecoins signed earlier this year.
The BSTBL Fund has a management fee of 0.21%, total costs after discounts amount to 0.27%, and trading hours are extended until 5 PM (ET). BlackRock is currently managing reserves for Circle – the issuer of USDC, and aims to expand this model to many other parties. According to Citi's forecast, the global stablecoin value could increase from 280 billion USD to 4 trillion USD by 2030, showcasing the explosive potential of this market.