BNY launches money market fund to hold reserves for US stablecoin issuers

Built to align with the GENIUS Act, the new fund provides a regulated vehicle for holding stablecoin reserves in cash and US Treasurys.
Source: BNY launches money market fund to hold reserves for US stablecoin issuers (https://cointelegraph.com/news/bny-stablecoin-reserves-fund-to-support-regulated-us-issuers?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)