BNY is launching a new reserve fund aimed at stablecoin issuers, seeking to tap into the $1.5 trillion stablecoin market. The reserve fund is designed to provide issuers with liquidity and backing, enhancing their operational stability. This initiative reflects BNY’s strategic interest in the growing stablecoin sector, which has gained significant traction in recent years. With a focus on fostering innovation in the financial markets, BNY aims to support issuers by offering a reliable financial foundation.
This update was auto-syndicated to Bpaynews from real-time sources. It was normalized for clarity, SEO and Google News compatibility.
