Home BNY Targets Rising Stablecoin Market With New Reserves Fund For Issuers

BNY Targets Rising Stablecoin Market With New Reserves Fund For Issuers

By Kapil RajyaguruNovember 15, 20251 Mins read757 Views

BNY Targets Rising Stablecoin Market With New Reserves Fund For Issuers | 3verseTV

News

BNY is launching the BNY Dreyfus Stablecoin Reserves Fund (BSRXX), a new money market product designed to help stablecoin issuers meet federal reserve requirements under the recently enacted GENIUS Act.

The fund does not hold stablecoins but instead provides a regulated structure for backing them with cash-equivalent assets.

BNY estimates the global stablecoin market could reach $1.5 trillion by 2030. Anchorage Digital provided the fund’s first investment, highlighting its role in building compliant infrastructure for stablecoin issuance.

You need to login in order to Like

Written by

Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

OKX Expands U.S. Access With Launch Of Decentralized Trading | 3verseTV

Previous post OKX Expands U.S. Access With Launch Of Decentralized Trading

BlackRock Expands Tokenized Treasury Utility Across Institutional Markets

News

Next post BlackRock’s $2.5B Tokenized Fund Listed As Collateral On Binance, Expands To BNB Chain

News

Bolivia Plans Stricter Crypto Rules As Part Of IMF-backed Reforms

Bolivia has pledged to construct a formal regulatory and supervisory structure for cryptocurrencies as part of its larger economic reform package agreed...

By Kapil RajyaguruSeptember 20, 2026

News

OpenAI Hacked Using Anthropic’s Claude As AI Misalignment Risks Grow

OpenAI is facing fresh scrutiny over AI security after independent researchers used Anthropic’s Claude models to exploit vulnerabilities connected to an OpenAI...

By 3.0 TVSeptember 19, 2026

News

US Sanctions Iran’s BitBank Over Bitcoin Transfers Linked To IRGC

BitBank, an Iranian cryptocurrency exchange, is subject to US penalties due to accused sanctions evasion. According to the Treasury, BitBank sent hundreds...

By 3.0 TVSeptember 19, 2026