State Street Enters Stablecoin Reserve Race, Joins Blackrock and Goldman With New Genius Act Fund
State Street Investment Management launched a dedicated money market fund for stablecoin issuers on June 8, 2026, becoming the fourth major financial institution to target one of Wall Street’s fastest-growing reserve man...
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Why this matters
BlackRock is showing up inside the Stablecoins theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
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State Street targets stablecoin reserve boom with new money market fund
The asset manager joins BlackRock, Franklin Templeton and others competing to manage reserves b...
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