Deep Tide TechFlow News, June 2nd, according to official sources, Coinbase announced an investment in the GENIUS Money Market ETF IQMM launched by ProShares. The product is described as the first money market ETF designed according to the GENIUS Act and usable for stablecoin reserves.



Coinbase stated that as stablecoins gradually become an important part of financial infrastructure, the industry’s demand for infrastructure related to reserve management, liquidity, subscriptions, and redemptions is increasing.

Data shows that IQMM mainly holds U.S. Treasury bonds with remaining maturities of no more than 93 days, cash, and cash equivalents, and is designed to meet the reserve requirements of Article 4 of the GENIUS Act.
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