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Coinbase Invests in ProShares IQMM to Strengthen Stablecoins Reserves Compatible with the GENIUS Act - Crypto Economy ESP
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Key points of the news Coinbase invested in IQMM of ProShares, a money market ETF designed to meet the reserve standards set by the GENIUS Act and support the next generation of infrastructure for stablecoins. IQMM is backed by short-term U.S. Treasury bonds and cash-equivalent assets, offering a reserve management framework aligned with back-up requirements one by one. The investment reflects the growing institutional interest in stablecoins re…
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