State Street Launches Stablecoin Fund Amid Predicted Trillion-Dollar Boom

State Street has launched a new fund designed specifically for stablecoin issuers. The State Street Stablecoin Reserves Money Market Fund complies with the U.S. GENIUS Act, which regulates the use of money markets to support stablecoins. The initial investors in the fund include State Street Bank and Trust Company and crypto bank Anchorage Digital.

The GENIUS Act came into effect in July 2025 and establishes clear rules for investing reserves. According to Ye-Sin Hung, head of State Street Investment Management, the new product combines the company's cash management expertise with digital asset infrastructure.

Analysts predict that by 2030, the issuance of stablecoins will reach $1.9-4 trillion amid institutional adoption, increasing demand for transparent mechanisms through government money market funds. Anchorage Digital emphasized that quality reserve management is crucial for transforming stablecoins into a foundational financial infrastructure.