Coinbase Introduces Stablecoin Credit Fund with Onchain Access

As the demand for stablecoins continues to grow, Coinbase's asset management arm is rolling out a credit fund tied to these digital assets. The fund, called CUSHY, targets institutional investors seeking yield from lending activity in stablecoins.

The introduction of CUSHY reflects a growing overlap between traditional credit markets and crypto infrastructure. With the surge in transactions in stablecoins – which have doubled to $300 billion in two years and tripled their monthly transaction volume to $1.2 trillion – asset managers are starting to treat tokenization as an extension of existing products.

Superstate's platform, FundOS, powers CUSHY's tokenized share class. This allows for the issuance and management of blockchain-based shares alongside traditional ones, a trend that could bring more traditional finance activity to the blockchain environment.