📰 Coinbase makes a quiet bet on ProShares stablecoin reserve ETF
🗓️ Jun 02 2026 17:35 UTC - Irene Mukiri
Coinbase invests in ProShares’ IQMM ETF to support stablecoin reserve management as GENIUS Act rules approach in the U.S.
➤ Coinbase has invested in ProShares' IQMM ETF, a money market fund designed to meet the reserve requirements for stablecoins under the upcoming GENIUS Act in the U.S.
➤ The IQMM ETF primarily holds short-term U.S. Treasuries, cash, and cash equivalents, aiming to provide stablecoin issuers with tools for reserve and liquidity management.
➤ This strategic investment by Coinbase signifies a move beyond stablecoin payments and distribution into the critical infrastructure supporting the assets that back dollar-pegged tokens, amidst evolving regulatory landscapes.
#coinbase #proshares #iqmm #stablecoin #geniusact #etf #reservemanagement #ustreasuries #moneymarketfund
🔗 Read more at: https://rwatimes.io/articles/crypto-coinbase-makes-a-quiet-bet-on-pro-shares-stablecoin-reserve-etf-1885639571
/ RWATimes
npub1r6…jxrkh
2026-06-03 16:14:10 UTC
Author Public Key
npub1r6s7yz2fjd70eke5uttfx0emeu6ce9neszmczlfy2wwwdaftvw2sejxrkhPublished at
2026-06-03 16:14:10 UTCEvent JSON
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"content": "📰 Coinbase makes a quiet bet on ProShares stablecoin reserve ETF\n🗓️ Jun 02 2026 17:35 UTC - Irene Mukiri\n\nCoinbase invests in ProShares’ IQMM ETF to support stablecoin reserve management as GENIUS Act rules approach in the U.S.\n\n➤ Coinbase has invested in ProShares' IQMM ETF, a money market fund designed to meet the reserve requirements for stablecoins under the upcoming GENIUS Act in the U.S.\n➤ The IQMM ETF primarily holds short-term U.S. Treasuries, cash, and cash equivalents, aiming to provide stablecoin issuers with tools for reserve and liquidity management.\n➤ This strategic investment by Coinbase signifies a move beyond stablecoin payments and distribution into the critical infrastructure supporting the assets that back dollar-pegged tokens, amidst evolving regulatory landscapes.\n\n#coinbase #proshares #iqmm #stablecoin #geniusact #etf #reservemanagement #ustreasuries #moneymarketfund\n\n🔗 Read more at: https://rwatimes.io/articles/crypto-coinbase-makes-a-quiet-bet-on-pro-shares-stablecoin-reserve-etf-1885639571",
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