The Bank of New York Mellon Corporation revealed on Thursday a new money market fund designed to hold reserves for United States stablecoin issuers under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. The product, called the BNY Dreyfus Stablecoin Reserves Fund (BSRXX), will be available to institutional clients, including issuers and fiduciaries. The company said the new framework is expected to support significant market growth, with estimates suggesting the stablecoin sector could reach $1.5 trillion by 2030. "Anchorage Digital is proud to provide the initial investment for this ... (full story)