Fidelity 500 Index Fund Provider Launches Stablecoin Reserve Fund

The post Fidelity 500 Index Fund Provider Launches Stablecoin Reserve Fund appeared first on Coinpedia Fintech News

Fidelity has launched the Fidelity Reserves Digital Fund, a money market fund built for stablecoin issuers. The fund began operating on June 15 and invests only in reserve assets permitted under the GENIUS Act framework, including U.S. Treasury securities, cash, overnight repurchase agreements, and compliant government money market funds. The launch matters because it provides …