In Coinbase crypto news today, the exchange, via its Asset Management arm, has launched the Coinbase Stablecoin Credit Strategy (ticker CUSHY), targeting institutional investors seeking yields from stablecoin lending.

The fund uses USDC for capital calls and distributions across Ethereum, Solana, and Base blockchains. Similar to BlackRock’s BUIDL, CUSHY aims to compete in the tokenized treasury market but focuses on credit-oriented yields.