Traditional financial giant State Street enters the stablecoin reserve fund space, with Anchorage Digital participating. Is this a handshake between CeFi and DeFi or a turf grab?

State Street Launches State Street Stablecoin Reserves Money Market Fund (SSCXX), Offering Reserve Asset Parking Tools for Stablecoin Issuers. The fund is initially supported by investments from State Street Bank and Trust Company and Anchorage Digital. SSCXX is a Rule 2a-7 government money market fund, primarily investing in cash, short-term U.S. Treasury securities, repurchase agreements, and other cash equivalents, aiming to maintain principal safety, daily liquidity, and a $1 share price. (The Block)