Fidelity launches GENIUS-aligned money market fund for stablecoin issuers
The Block·
60-second summary
Fidelity launches a GENIUS-aligned money market fund for stablecoin issuers, investing exclusively in eligible reserve assets permitted under the GENIUS Act. The fund aims to provide stablecoin issuers with a secure and compliant investment option. This move supports the growth of stablecoins, potentially increasing their adoption and usage in the crypto market.
The fund invests exclusively in eligible reserve assets permitted for stablecoin issuers under the GENIUS Act.