PANews reported on April 30th that, according to CoinDesk , Coinbase Asset Management ( CBAM ) launched the Coinbase Stablecoin Credit Strategy ( CUSHY ) fund, targeting institutional investors and primarily generating returns through stablecoin-related on-chain lending and private credit. The fund will issue tokenized shares through Superstate 's FundOS platform, supporting holding and settlement on Ethereum , Solana , and the Base chain. The report points out that CUSHY combines the traditional credit market with blockchain infrastructure, aligning with the trend of asset management institutions tokenizing funds and distributing products using shared on-chain infrastructure. Superstate expects more asset management institutions to connect to its platform in the coming months.