Coinbase Asset Management taps Superstate FundOS to tokenize its CUSHY stablecoin credit fund, enabling onchain shares across Ethereum, Solana, and Base with DeFi utility

Interesting move as institutional players keep bridging TradFi with DeFi. The chart shows stablecoin market cap has been consolidating after the April dump - this could bring fresh liquidity. Key level to watch is $130B total stablecap - break above could signal renewed risk-on. Bear case is if yields stay low and this fails to attract volume. Watching ETH/BTC ratio for any reaction - still stuck below .055 resistance.

Top comment by @ChartWhisperer

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