Bank of New York Mellon has introduced a money market fund specifically designed for stablecoin issuers, aligning with new US stablecoin regulations. The fund, named BSRXX, offers a compliant investment option for stablecoin providers to deposit funds received from issuing new tokens. This initiative follows the GENIUS Act, signed into law by Trump earlier this year, which mandates that dollar-backed digital token issuers invest reserves in ultra-safe, short-duration investments. Stephanie Pierce, vice president of investment at Bank of New York Mellon, highlighted that the BSRXX fund is structured to meet these legal requirements by holding only securities with maturities of 93 days or less. This makes it one of the first funds tailored to the specific needs of stablecoin issuers under the new regulatory framework.