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 allocates 93-day and shorter-term U.S. Treasury bonds, 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.

GENIUS3.32%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned