Key Takeaways Fidelity launched FYMXX on June 15, a fund for stablecoin issuers under the GENIUS Act. FYMXX’s 0.25% fee adds competition as Fidelity targets the $315B stablecoin market. Fidelity joins State Street and Blackrock as reserve demand grows toward 2030. Fidelity Expands Into Stablecoin Infrastructure With New Government Money Fund Fidelity Investments has launched a government money market fund aimed at stablecoin issuers, adding another major Wall Street name to the race to manage reserves behind digital dollars. The Fidelity Reserves Digital Fund, which trades under the ticker FYMXX, began operations on June 15. According to the fund’s prospectus, …