New BNY Fund Lets Stablecoin Issuers Meet GENIUS Act Reserve Rules

TLDR: BNY Mellon’s BSRXX fund gives U.S. stablecoin issuers a regulated reserve-investment vehicle under the GENIUS Act. The fund invests in ultra-short-duration, liquid assets but does not hold stablecoins themselves. The GENIUS Act (July 2025) mandates stablecoin reserves must consist of high-quality, short-maturity securities. The stablecoin market may hit ~$1.5 trillion by 2030, increasing demand [...]

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