The post ProShares launches GENIUS-compliant ETF built for stablecoin reserves appeared on BitcoinEthereumNews.com.

ProShares on Wednesday announced the launch of the ProShares GENIUS Money Market ETF (IQMM) and said the fund meets the strict requirements of the GENIUS Act, which makes it eligible to hold stablecoin reserves. The company said IQMM invests only in short-term U.S. Treasuries and is built for principal preservation and price stability. ProShares says it built IQMM for stablecoin treasuries Michael L. Sapir, CEO of ProShares, said the fund was designed to serve institutional and crypto-linked demand. “We believe that IQMM will be an attractive cash management alternative for institutional investors, including stablecoin treasuries, as well as financial professionals and individual investors,” Michael said. Michael added that the structure goes beyond standard money market requirements. “IQMM reflects ProShares’ continued commitment to building innovative products for evolving markets,” Michael said. “The fund offers a more conservative approach to cash management than is required by standard money market rules, with all the known benefits and convenience of an ETF.” ProShares said the portfolio holds only short-term U.S. government debt and does not include corporate credit exposure, as the focus remains on safety of principal while offering intraday liquidity through exchange trading. Trump family calls its stablecoin USD1 an upgraded dollar Meanwhile, President Donald Trump’s family is also working on its own dollar-linked crypto product. The U.S. dollar was created in 1792, when the federal government established control over currency issuance and since then, presidents have generally repeated a “strong dollar” policy and left currency issuance in federal hands. That pattern changed last March when a company partly owned by President Donald Trump and his family began marketing a cryptocurrency called USD1. The stablecoin is designed to track the value of the U.S. dollar, similar to how the original dollar was pegged to the Spanish silver dollar in the late 18th century.…

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Filed under: News - @ February 19, 2026 7:20 pm