Cointelegraph·5h ago·positive

State Street launches money market fund for stablecoin reserves under GENIUS Act

State Street launched a government money market fund designed for stablecoin issuers to hold reserve assets, complying with the GENIUS Act framework. Anchorage Digital is an initial investor.

Fund invests in US government securities and repurchase agreements to back stablecoins
Initial investors include State Street Bank and Anchorage Digital, a federally chartered crypto bank
Follows similar moves by JPMorgan, Morgan Stanley, and Coinbase to capture stablecoin reserve assets
Stablecoin market has grown to ~$315B since GENIUS Act was signed in July 2025
Citi projects global stablecoin issuance could reach $1.9T to $4T by 2030

regulationmarketImpact 7/10

Why our editor rated this positive

Major traditional asset manager launching a compliant product for stablecoin reserves signals growing institutional adoption and regulatory clarity under the GENIUS Act framework.

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