[Coinbase Announces Investment in ProShares Money Market ETF IQMM to Advance Stablecoin Cash Management] Coinbase has announced an investment in ProShares' GENIUS Money Market ETF (Ticker: IQMM) to advance stablecoin cash management. This product is one of the first money market ETFs designed under the GENIUS Act and can be used for stablecoin reserves. IQMM primarily holds U.S. Treasury securities with maturities not exceeding 93 days and cash equivalents, aiming to meet the GENIUS Act's Section 4 requirement for '1:1 backing with high-quality, highly liquid assets.'