Fidelity launched the Reserves Digital Fund, a money market fund for stablecoin issuers targeting $1.00 NAV with a 0.18% expense ratio under GENIUS Act

SSCXX is a Rule 2a-7 government money market fund, a conservative type of fund that invests only in cash and yield-bearing cash equivalents.

The asset manager joins BlackRock, Franklin Templeton and others competing to manage reserves backing the growing stablecoin market.

State Street launches a GENIUS Act-aligned money market fund targeting stablecoin issuers, joining BlackRock, Goldman, and BNY.

State Street Investment Management launched a money market fund for stablecoin issuers, joining JPMorgan, Morgan Stanley and others targeting reserve assets.

Following State Street, Fidelity is targeting reserve assets that underpin the expanding stablecoin market.

Fidelity Investments ha annunciato il lancio del suo fondo riserva stablecoin Fidelity, battezzato Fidelity Reserves Digital Fund.

The fund invests exclusively in eligible reserve assets permitted for stablecoin issuers under the GENIUS Act.

Fidelity launched the Reserves Digital Fund, a money market fund for stablecoin issuers targeting $1.00 NAV with a 0.18% expense ratio under GENIUS Act

Fidelity has launched a government money market fund designed for stablecoin issuers managing reserve assets under the GENIUS Act.