BNY Mellon introduces the Dreyfus Stablecoin Reserves Fund (BSRXX) to meet new U.S. stablecoin reserve rules. Anchorage Digital becomes the fund’s first institutional investor amid rising demand for compliant stablecoin infrastructure. The $315 billion stablecoin market could surge to $4 trillion, intensifying demand for US-backed securities. The Bank of New York Mellon Corp. (BNY Mellon) has unveiled the Dreyfus Stablecoin Reserves Fund (BSRXX), one of the first U.S. money-market funds tailored to the regulatory needs of stablecoin issuers under the recently enacted GENIUS Act. This fund marks a significant structural bridge between traditional finance (TradFi) and digital asset infrastructure, offering stablecoin providers a compliant vehicle to park issuance proceeds while maintaining full regulatory alignment. The GENIUS Act, signed into law by President… Read The Full Article BNY Mellon Launches First GENIUS Act-Compliant Money Market Fund for Stablecoin Issuers On Coin Edition .
