Coinbase Introduces CUSHY Strategy to Bring Institutional Credit Onchain
Key Takeaways:
Stablecoin Volume Strengthens Tokenized Credit Push
The company said stablecoin transaction volume exceeded $33 trillion in 2025, with an average of 89 million addresses holding stablecoins daily across major blockchains. It added: “To meet the evolving needs of these sophisticated investors, Coinbase Asset Management is proud to introduce CUSHY – a digital credit strategy, designed to bridge the gap between traditional credit markets and the growing digital asset ecosystem.” CUSHY is supported by Coinbase Prime, Superstate, and Northern Trust, with Base, Solana, and Ethereum listed as supported networks.
Risk controls are central to the product. Coinbase Asset Management said CUSHY uses standards for underwriting, diversification, liquidity, and credit quality review. Coinbase stressed:
“The digital economy is rapidly emerging onchain as the next frontier for credit. With CUSHY, Coinbase Asset Management provides the expertise and regulatory framework necessary to navigate it with confidence.”
The launch positions tokenized credit as a link between stablecoin settlement, institutional lending, and digital asset infrastructure.
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