BNY is Eyeing the Stablecoin Market with $1.5 Trillion.

BNY's New Fund Supports Stablecoin Manufacturers

BNY is launching a new money market fund to help stablecoin issuers meet the requirements of the United States Federal Reserve.

BNY Dreyfus Stablecoin Reserve Fund holds cash-like reserves. The initial investment in this fund has been made by the federally licensed crypto bank Anchorage Digital.

BNY predicts that the stablecoin market will reach 1.5 trillion dollars by 2030 and continues to work on providing the essential infrastructure for this expansion.