BNY Launches New Money Market Fund for Stablecoin Issuers
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AI-PoweredBNY has launched a new money market fund for stablecoin issuers, providing them with access to liquidity, resiliency, and stability similar to traditional money-market funds, while also helping them comply with regulatory requirements.
Market impact analysis based on bullish sentiment with 63% confidence.
Article Context
Stephanie Pierce, deputy head of BNY Investment, discusses BNY’s launch of a money-market fund for stablecoin issuers. She tells Romaine Bostick and Katie Greifeld on “The Close” that the fund gives stablecoin issuers access to the same liquidity, resiliency and stability as traditional money-market funds while helping them comply with the reserve requirements in the Genius Act. (Source: Bloomberg)
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