Fidelity launches money market fund adapted to GENIUS Act for stablecoin issuers According to a report by Golden Finance, on June 19th, Fidelity Investments launched a new government money market fund, specifically designed as a reserve storage tool for stablecoin issuers. The fund is called Fidelity Digital Reserve Fund (code: FYMXX), and its prospectus shows that the product's goal is to obtain current returns as much as possible while ensuring the safety of principal and maintaining high liquidity. The fund shares are only available for institutional investors, including various stablecoin issuers. The product was officially established on June 15th. The prospectus states: "The shares of this fund are expected to be primarily held by one or more stablecoin issuers as all or part of their reserve assets for issuing stablecoins to users This new fund of Fidelity only invests in the compliant reserve assets that the GENIUS Act allows issuers of stable currencies to allocate, including U.S. short-term treasury bills, medium-term notes, long-term treasury bond, cash, overnight repurchase agreements, and other government money market funds that meet the regulatory requirements of stable currencies. The minimum initial subscription amount for this fund is 1 million US dollars, and the fund company may independently decide to waive or lower this threshold. The product aims to maintain a stable net worth of $1 per share, with an annual management fee of 0.25%.