Derived from Coindesk, BNY has launched the BNY Dreyfus Stablecoin Reserves Fund (BSRXX) to help stablecoin issuers meet U.S. reserve requirements under the GENIUS Act. The fund, which does not hold stablecoins directly, is designed to back dollar-pegged digital currencies and is open to qualified institutional investors. BNY projects the stablecoin market could grow from $300 billion to $1.5 trillion by the end of the decade.
BNY Launches Stablecoin Reserves Fund to Support $1.5T Market Growth
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