Franklin Templeton adapts money market funds for US stablecoin rules

"Franklin Templeton's move is indicative of growing interest among institutional investors in the digital asset space. As the regulatory environment in the U.S. becomes clearer, the interplay between providing liquidity and ensuring compliance emerges as a crucial topic. If successful, this amendment could serve as a new revenue stream for the firm. However, it must also navigate the risks associated with the volatility of the stablecoin market and client acceptance. As competition intensifies among financial institutions to offer attractive services to millennials and new-age investors, it will be interesting to see how Franklin Templeton approaches the market strategically."