Topic: #reserves
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Fidelity launches stablecoin reserve fund, joining BlackRock and JPMorgan
Fidelity Investments launched the Fidelity Reserves Digital Fund on June 18, a money market fund designed to hold stablecoin reserves in short-term Treasury bills and cash. The move follows similar offerings from BlackRock, State Street, Goldman Sachs, and JPMorgan, as the stablecoin reserve management market could expand to $4 trillion.