-
ProShares launched IQMM, a money market ETF aligned with stablecoin reserve rules.
-
The fund complies with the GENIUS Act’s 93-day Treasury requirement.
-
Stablecoin market projections range from $2 trillion to $4 trillion by 2030.
-
The ETF is designed to support 1:1 reserve backing models.
Built for Stablecoin Reserves
ProShares launched the ProShares GENIUS Money Market ETF (IQMM), structured to comply with the reserve requirements under the GENIUS Act.
The law mandates that dollar-backed stablecoins maintain 1:1 backing using safe, highly liquid assets such as U.S. Treasury bills with maturities of 93 days or less.
IQMM invests exclusively in short-term Treasuries and cash equivalents that meet those standards.
Preparing for Stablecoin Growth
The stablecoin market currently sits just under $300 billion in circulation, led by Tether’s USDT and Circle’s USDC.
Forecasts vary widely. Treasury Secretary Scott Bessent has projected the market could surpass $2 trillion by 2028, while some Wall Street analysts see a potential $4 trillion market by 2030.
IQMM positions itself as infrastructure for that expansion, giving issuers a regulated vehicle tailored to stablecoin reserve compliance.
