State Street Launches GENIUS Act-Aligned Money Market Fund for Stablecoin Issuers

State Street Investment Management has launched the State Street Stablecoin Reserves Money Market Fund, a registered Rule 2a-7 government money market fund designed to support stablecoin issuance at scale. The fund is among the first GENIUS Act-aligned government money market funds and was built specifically for stablecoin issuers.

The GENIUS Act was signed into law in July 2025 and establishes a regulatory framework permitting registered money market funds to back stablecoin issuance. State Street Bank and Trust Company and Anchorage Digital, the first federally chartered crypto bank in the United States, are initial investors in the fund.

According to Citi Institute projections, global stablecoin issuance could reach between $1.9 trillion and $4 trillion by 2030, driven by accelerating institutional adoption and a clearer regulatory environment.