%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment Cryptoprowl / Coinbase (NASDAQ: $COIN ) is bringing private credit further onchain with the launch of Coinbase Stablecoin Credit Strategy, a digital credit fund designed for qualified investors and institutions. The strategy, also called CUSHY, gives investors the option of tokenized shares, with Superstate’s FundOS powering the tokenization layer and support planned across Base, Solana (CRYPTO: $SOL ) and Ethereum (CRYPTO: $ETH ). The launch lands in a market where stablecoins are becoming more than a settlement tool for crypto trading. Coinbase said stablecoin transaction volume moved past $33 trillion in 2025, while an average of 89 million addresses held stablecoins daily across major blockchains. That scale is starting to pull more institutional products toward the same rails, especially as investors look for credit exposure that can sit closer to digital-asset liquidity and onchain capital markets. CUSHY is structured as a diversified opportunistic credit strategy built around three pillars: public credit tied to the digital economy, private and asset-based lending opportunities, and what Coinbase describes as structural alpha from tokenization, protocol incentives, rewards and onchain market design. The fund is also being built with a traditional institutional backbone, including Coinbase Prime for prime services, Northern Trust for fund administration and Superstate for tokenization services. Coinbase Asset Management said the product is meant to bridge traditional credit markets and the growing digital-asset ecosystem, while maintaining institutional risk controls around underwriting, liquidity, diversification and credit quality. The practical read is that tokenization is moving into more complex parts of finance than treasury funds alone. Credit is now being packaged for investors who want the discipline of traditional asset management with the transparency and around-the-clock utility of tokenized shares. Coinbase Global, Inc. (NASDAQ: COIN) stock is currently trading at $185.45 U.S. per share.