Fidelity launches GENIUS-aligned money market fund for stablecoin issuers

Crypto Insight Summary: The fund invests exclusively in eligible reserve assets permitted for stablecoin issuers under the GENIUS Act. Crypto Insight Analysis: Direction: Bullish USDC / Bullish USDT Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Provides regulated reserve options for stablecoin issuers, boosting confidence.