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State Street Enters Stablecoin Reserve Race, Joins Blackrock and Goldman With New Genius Act Fund
State Street launches a GENIUS Act-aligned money market fund targeting stablecoin issuers, joining BlackRock, Goldman, and BNY.
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theblock.co
State Street launches GENIUS-compliant money market fund for stablecoin issuers
SSCXX is a Rule 2a-7 government money market fund, a conservative type of fund that invests only in cash and yield-bearing cash equivalents.
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coindesk.com
State Street targets stablecoin reserve boom with new money market fund
The asset manager joins BlackRock, Franklin Templeton and others competing to manage reserves backing the growing stablecoin market.
