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State Street Launches Stablecoin Reserve Fund Under GENIUS Act

2026-06-18 23:37:37

State Street Investment Management introduced a government money market fund for stablecoin issuers under the GENIUS Act framework. The fund's initial investors include State Street Bank and Trust Company and Anchorage Digital. Global stablecoin issuance is projected to reach up to $4 trillion by 2030.

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