BNY Launches Stablecoin Reserve Fund for Issuers
BNY has announced the launch of the BNY Dreyfus Stablecoin Reserves Fund (BSRXX), aimed at providing infrastructure for stablecoin issuers to comply with U.S. federal reserve requirements. This fund will hold cash-equivalent reserves for stablecoins issued under the GENIUS Act, which legally supports U.S. dollar-pegged digital currencies. The