stablecoin issuers

Fidelity has launched a money market fund aligned with the GENIUS Act, designed for stablecoin issuers. The fund exclusively invests in eligible reserve assets permitted under the legislation for such issuers.

US government agencies proposed rules requiring stablecoin issuers to implement customer identification programs under the Bank Secrecy Act, aligning them with requirements for regulated financial firms.

State Street has launched a GENIUS-compliant money market fund (SSCXX) designed for stablecoin issuers. The fund, classified under Rule 2a-7, focuses on conservative investments in cash and yield-bearing cash equivalents.

The Hyperliquid Policy Center and Paradigm are calling for a revision of the Treasury’s money laundering rules under the GENIUS Act, arguing they are excessively burdensome for stablecoin issuers.

Morgan Stanley launched a money market fund designed for stablecoin issuers to manage their reserves. The product is positioned as a competitive offering against BlackRock, signaling increased activity in the stablecoin and institutional finance sectors.

Morgan Stanley launched a government money market fund for stablecoin issuers to hold reserves in line with the GENIUS Act requirements. The initiative aligns with regulatory frameworks for stablecoin reserves.

Morgan Stanley has launched a stablecoin reserve offering through its money market fund, MSNXX, requiring stablecoin issuers to invest a minimum of $10 million to access the service.