Coinbase to support USDC, EURC payments for Spiko short-term bond fund

Coinbase announced in a blog post that it will provide the payment infrastructure for French fintech firm Spiko's European and U.S. short-term government bond money market funds (MMFs), enabling deposits and redemptions in USDC and EURC. This marks the first time a fund regulated under the European Union's UCITS framework has supported stablecoin payments. Through Coinbase Payments and Base, investors can put idle stablecoins into the short-term bond funds even on weekends and holidays. Upon redeeming their positions, they can receive USDC or EURC in their wallets within minutes.