The GENIUS Act brings money market funds into the stablecoin track; this idea is quite clever.

GENIUS-2.36%
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WuSaidBlockchainW
Wu Shuo has learned that, according to Bloomberg ETF analyst James Seyffart, Defiance ETFs has submitted an application for a new type of money market ETF that complies with the GENIUS Act.
The act is a federal regulatory framework in the United States designed for reserve requirements of payment stablecoin issuers, with stricter conservative standards for underlying assets than traditional money market funds.
The fund's investment approach aims to meet the qualified reserve asset requirements specified in the U.S. Stablecoin Act.
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