Fidelity Investments has introduced the Fidelity Reserves Digital Fund, a money market fund designed to help stablecoin issuers comply with reserve requirements under the GENIUS Act. The fund invests in cash, short-term U.S. Treasuries, and government money market funds allowed by federal stablecoin regulations. This move positions Fidelity alongside other financial firms like State Street, targeting the growing market for stablecoin reserve management as digital dollar issuance is expected to rise. The GENIUS Act mandates stablecoin issuers to maintain reserves in highly liquid assets, and Fidelity’s fund aims to provide a compliant solution for this need.
Satoshi Nakamoto remains the largest individual Bitcoin holder with about 1.096 million BTC, roughly 5.5% of the total supply, accumulated through early mining and largely untouched since. Coinbase is the top exchange holder with 970,000 BTC, control...
Fidelity Investments has introduced the Fidelity Reserves Digital Fund, a money market fund designed to manage reserves for stablecoin issuers and institutional investors, complying with the new GENIUS Act. This move follows State Street's similar pr...
Pyth Network is shifting focus from decentralized finance to institutional financial data, launching products like the Pyth Data Marketplace and Pyth Pro subscription service. This expansion includes partnerships with firms such as Fidelity and Euron...
