Coinbase Backs IQMM ETF as Stablecoin Rules Take Shape

Cointelegraph Staff

(08:09 PM UTC)

1 min read

Crypto exchange Coinbase has invested in ProShares' stablecoin-focused money market fund, betting that demand for stablecoin reserve-management products will grow as the recently enacted GENIUS Act formalizes the types of assets that can back US dollar-pegged tokens.

Coinbase (COIN) announced Tuesday that it made an undisclosed investment in the ProShares GENIUS Money Market ETF (IQMM), which is…

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Cointelegraph Staff · Cointelegraph

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