Fidelity Debuts GENIUS Act Aligned Stablecoin Reserve Fund With 0.25% Fee

Fidelity launches GENIUS-aligned money market fund for stablecoin issuers

Fidelity launched the Reserves Digital Fund (FYMXX) on June 15, a GENIUS-aligned money market fund for stablecoin issuers with 0.25% fee. With the $315B stablecoin market and competitors in the race, Fidelity consolidates its enterprise crypto-compliance position signaling regulatory maturation.