News Explorer — Fidelity, State Street Enter Stablecoin Market With Compliant Reserve Management Funds

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Jun 17, 8:30 pm

Coindesk

Fidelity, State Street Enter Stablecoin Market With Compliant Reserve Management Funds

Fidelity Investments is launching the Fidelity Reserves Digital Fund, compliant with the GENIUS Act, to cater to stablecoin issuers and institutional investors. This move follows State Street's introduction of a similar product, reflecting the growing competition among traditional financial firms in the stablecoin market.

Fidelity Investments is launching the Fidelity Reserves Digital Fund, compliant with the GENIUS Act, to cater to stablecoin issuers and institutional investors. This move follows State Street's introduction of a similar product, reflecting the growing competition among traditional financial firms in the stablecoin market.

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