Coinbase launches a stablecoin-backed credit fund supporting Solana and Ethereum

CryptoWorld Network news: Coinbase’s asset management division announced the launch of a credit fund named Coinbase Stablecoin Credit Strategy (Cushy), aiming to serve institutional investors seeking digital-asset lending yield. The fund will provide investors with an option to hold on-chain shares via tokenization expert Superstate’s platform, supporting Ethereum, Solana, and Coinbase’s self-built Base blockchain. Trading volume in the stablecoin market has surged in recent years; stablecoin supply doubled to $300 billion over the past two years, with monthly trading volume reaching $1.2 trillion. Anthony Bassili, President of Coinbase Asset Management, said that stablecoins are the cornerstone of the next financial era. The launch of the fund reflects the growing overlap between traditional credit markets and crypto infrastructure.

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