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Fidelity launches GENIUS Act-aligned stablecoin reserve fund with 0.25% fee

Market News
19 Jun 2026
Bitcoin
View Source
Bullish
pluang ai news

Fidelity has introduced the FYMXX, a government money market fund designed for stablecoin issuers under the GENIUS Act, starting operations on June 15, 2026. The fund invests in U.S. Treasury securities and other government-backed assets to maintain a stable $1 net asset value, charging a 0.25% management fee. This move positions Fidelity alongside other major asset managers like State Street and Blackrock in the growing $315 billion stablecoin market, providing a regulated, liquid, and conservative option for stablecoin reserve assets. The launch highlights the increasing integration of traditional finance with the digital dollar economy as regulatory frameworks evolve.

More News

Ultragenyx grants 44,409 restricted stock units to 15 new non-executive officers as an inducement.

Ultragenyx grants 44,409 restricted stock units to 15 new non-executive officers as an inducement.

Ultragenyx Pharmaceutical Inc. awarded 44,409 restricted stock units to 15 newly hired non-executive officers under its Employment Inducement Plan. The grants, approved by the compensation committee, vest over four years with 25% vesting annually, co...

Company Fundamentals
Neutral
55 minutes ago
Nyxoah schedules extraordinary shareholders meeting on July 9, 2026, to renew authorized capital and voting procedures.

Nyxoah schedules extraordinary shareholders meeting on July 9, 2026, to renew authorized capital and voting procedures.

Nyxoah has announced an extraordinary general meeting of shareholders set for July 9, 2026, at its headquarters in Belgium. The meeting will discuss renewing the authorization for the board to increase the company's capital over the next five years, ...

Company Fundamentals
Neutral
55 minutes ago
Eupraxia Pharmaceuticals elects all seven board nominees and reappoints KPMG as auditor at AGM.

Eupraxia Pharmaceuticals elects all seven board nominees and reappoints KPMG as auditor at AGM.

Eupraxia Pharmaceuticals held its Annual General Meeting on June 18, 2026, where shareholders elected all seven board nominees proposed by management with strong majority votes. Additionally, KPMG LLP was reappointed as the company's auditor for the ...

Company Fundamentals
Neutral
1 hour ago
Cate & Chloe offers 77% off Bianca earrings during Amazon Prime Day 2026 sale

Cate & Chloe offers 77% off Bianca earrings during Amazon Prime Day 2026 sale

Cate & Chloe is discounting its Bianca 18k Gold-Plated Crystal Hoop Earrings to $19.98 from $86 during Amazon Prime Day 2026, running June 23-26. This 77% markdown aligns with growing consumer demand for affordable luxury jewelry, with earrings price...

Others
Neutral
1 hour ago
Iovance Biotherapeutics grants stock options to 27 new employees under Nasdaq rules.

Iovance Biotherapeutics grants stock options to 27 new employees under Nasdaq rules.

Iovance Biotherapeutics approved inducement stock options for 140,860 shares to 27 new non-executive employees on June 18, 2026. The options have an exercise price of $3.91 and vest over three years, rewarding employee retention. This move aligns wit...

Company Fundamentals
Neutral
4 hours ago
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