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.