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State Street Launches GENIUS-Compliant Fund for Stablecoin Issuers

2026-06-18 23:29:42

State Street launched SSCXX, a government money market fund for stablecoin issuers with a stable $1 share price. State Street Bank and Trust Company and Anchorage Digital supported the fund with initial investment. The fund was designed to comply with the GENIUS Act, passed in July 2025. SSCXX invests only in cash, short-term U.S. Treasuries, repo agreements, and other cash equivalents.

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