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Coinbase invests in ProShares ETF tailored for stablecoin reserve assetsThe exchange has invested an undisclosed amount in ProShares’ Treasury-focused ETF built for the post-GENIUS era as lawmakers debate whether stablecoin issuers can offer yield-bearing products.

Coinbase has invested in ProShares’ IQMM money market ETF, a Treasury-focused fund launched under the GENIUS Act as US lawmakers debate stablecoin yield rules.