Coinbase Brings Stablecoin Funding to Europe's Regulated Mutual Funds

Coinbase has made a significant breakthrough in its efforts to bring stablecoin funding to Europe's regulated mutual funds. The company has integrated its Payments infrastructure with Spiko, a European fintech firm that delivers tokenized exposure to short-term U.S. Treasury investments through regulated money market funds.

This development marks the first time UCITS funds in Europe have accepted onchain funding through Euro Coin (EURC) and USD Coin (USDC), allowing for near-instant settlement capabilities.

Coinbase stated that this service operates on Base, a layer-2 blockchain network created by Coinbase, and supports Spiko's EU T-Bills Money Market Fund and Spiko US T-Bills Money Market Fund.

The setup permits investors to shift between stablecoins and short-term U.S. Treasury investments continuously, including weekends and holidays.