Coinbase Asset Management has launched a stablecoin credit fund called CUSHY, targeting institutional investors. The fund offers tokenized shares built on networks including Base, Solana, and Ethereum. This move comes amid shifting U.S. regulations, including the SEC dropping its case against Coinbase and ongoing debates over the Clarity Act. CUSHY centralizes dollar-denominated stablecoins like USDC, reinforcing the U.S.'s global financial influence. Stablecoins are increasingly seen as critical geopolitical tools for cross-border payments and financial infrastructure resilience.
Market sentiment is bullish: Bitcoin has a 99.8% probability of exceeding $66,000 by May 4, while Ethereum's chance of reaching $10,000 by 2026 stands at 3.8%-with expectations that the CUSHY launch could boost Ethereum's utility and price outlook.