Morgan Stanley’s launch of a stablecoin reserve portfolio has amplified sentiment, triggering a fresh wave of market frenzy. 

All in all, this is a narrative clearly worth watching. For context, Morgan Stanley’s reserve is designed for stablecoin issuers to hold their assets in a regulated setup.

For example, think of it like a bank savings-style pool where funds sit in cash so they stay safe, liquid, and compliant in a TradFi-style structure.

Notably, the timing of the launch is particularly interesting. 

Recent back-to-back protocol hacks, with over $600 million in compromised user funds, have intensified FUD around DeFi infrastructure.

Even a week after the KelpDAO exploit, total value locked across…