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The investment division of the State Street holding company introduced the State Street Stablecoin Reserves Money Market Fund. The instrument was specifically developed for stablecoin issuers. The fund complies with the requirements of the American law $GENIUS Act, which came into effect in July 2025. The regulatory act governs the use of money markets to back "stable coins." The first investors in the structure were State Street Bank and Trust Company and the crypto bank Anchorage Digital.