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

Market News
20 Jun 2026, 00:10 WIB
Bitcoin
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Bullish
Fidelity launches GENIUS Act-aligned stablecoin reserve fund with 0.25% fee

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.

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