Nonomi joins CUSHY, the Coinbase stablecoin yield fund

Nonomi is pleased to announce its subscription to CUSHY, the Coinbase USD Stablecoin Yield Fund managed by Coinbase Asset Management.

CUSHY is a short-duration credit strategy that puts USD stablecoin capital to work across public and private credit tied to the digital economy. Shares in the fund are issued onchain on Ethereum, Solana and Base through Superstate.

We see tokenized funds as a natural next step for the industry, and CUSHY is one of the first to bring an institutional credit strategy fully onchain with a counterparty we know and trust.

Nonomi remains bullish on stablecoins and the infrastructure being built around them, and we look forward to growing our position in the fund over time.