State Street launches GENIUS-compliant money market fund for stablecoin issuers

First reported June 16, 2026 by The Block · covered by 4 sources

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.

Jun 16, 2026 · byThe Block

State Street launches GENIUS-compliant money market fund for stablecoin issuers

State Street's fund signals a shift towards institutional-grade reserve management, potentially reshaping stablecoin market dynamics and competition. The post State Street launches GENIUS-compliant money market fund for stablecoin issuers appeared first on Crypto Briefing .

Jun 16, 2026 · byCryptoBriefing

Fidelity launches GENIUS-aligned money market fund for stablecoin issuers

The fund invests exclusively in eligible reserve assets permitted for stablecoin issuers under the GENIUS Act.

Jun 19, 2026 · byThe Block

Fidelity launches money market fund designed specifically for stablecoin issuers

The launch of Fidelity's fund for stablecoin issuers could drive significant demand for T-bills, impacting short-term yield dynamics. The post Fidelity launches money market fund designed specifically for stablecoin issuers appeared first on Crypto Briefing .

Jun 19, 2026 · byCryptoBriefing