Woofun AI reports that DaoFu Bank has deployed the DaoFu Stable Coin Reserve Money Market Fund (SSCXX), a specialized vehicle engineered to assist stablecoin issuers in managing reserve assets in strict compliance with the GENIUS Act. The fund’s initial capitalization involves contributions from DaoFu Bank, a trust company, and Anchorage Digital, establishing a collaborative framework for regulatory adherence.

Operating as a Rule 2a-7 rated government money market fund, SSCXX prioritizes capital preservation and daily liquidity while maintaining a stable net asset value of $1 per share. Its conservative investment mandate restricts holdings to cash, short-term U.S. Treasury bonds, repurchase agreements, and other cash equivalents, ensuring low-risk yield generation for reserve management.