Coinbase announces investment in ProShares' GENIUS Money Market ETF (IQMM), which is called the first money market ETF designed to comply with the GENIUS Act's stablecoin reserve requirements. IQMM primarily holds short-term U.S. Treasury bonds of 93 days or less, cash, and cash equivalents, designed to meet the stablecoin 1:1 high-quality, high-liquidity asset reserve requirements. Coinbase states that as stablecoins become part of the financial infrastructure, the industry not only needs better payment networks but also more mature reserve, liquidity, minting, and redemption management tools.

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0xLateBreakfast
· 13h ago
The minting and redemption management tool is a necessity; it is currently too primitive.
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ColdWalletUnderTheNeonLights
· 15h ago
Stablecoin infrastructure year, the reserve side is starting to ramp up
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GateUser-c44b371b
· 16h ago
It's very smart to secure your position early on the eve of the GENIUS Act coming into effect.
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NodeUnderTheAurora
· 16h ago
IQMM's design, stablecoin issuers can directly copy the homework, right?
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NightTideShell
· 16h ago
Someone is finally seriously developing a reserve management tool; the industry has long needed this.
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RocksUnderTheAurora
· 16h ago
93-day short-term debt + cash equivalents, this reserve structure is much more transparent than some stablecoins.
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FlowingColorfulInkHeart
· 16h ago
Coinbase's move is quite steady, and the compliance path for the GENIUS Act is becoming clearer.
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