State Street Bank has launched the "State Street Stablecoin Reserves Money Market Fund" (SSCXX), a government money market fund tailored for stablecoin issuers to manage reserve assets. The fund complies with the GENIUS Act, a U.S. stablecoin regulatory framework set for 2025, and focuses on principal safety, daily liquidity, and maintaining a $1 face value. SSCXX invests in cash, short-term U.S. Treasury securities, and other cash equivalents. Initial funding comes from State Street Bank and Trust Company and Anchorage Digital. This follows State Street's previous launch of SWEEP, an on-chain cash product for stablecoin holders.