Coinbase partnered with Spiko Finance to allow European institutional investors to fund regulated UCITS money market funds using stablecoins. The integration utilizes Coinbase’s Payments infrastructure and the Base layer-2 network.
Investors can now use EURC and USDC for near-instant subscriptions and redemptions. The system offers 24/7 access to T+0 settlement, eliminating traditional delays that typically last several days.
The initiative allows seamless movement between stablecoins and short-term U.S. Treasury investments, including weekends and holidays. Coinbase (COIN) shares fell 1.67% in pre-market trading following the announcement.