ProShares Debuts Stablecoin-Ready ETF Compliant with GENIUS Act

TLDR ProShares launched the GENIUS Money Market ETF (IQMM), designed to support stablecoin issuers with liquid, short-term U.S. government securities. The ETF is structured to comply with the GENIUS Act, which mandates stablecoin issuers to back their tokens with safe, liquid assets. IQMM focuses on cash and Treasury bills with maturities of 93 days or [...]

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