Coinbase CUSHY Fund Launches Stablecoin Loans on ETH at $2,307 Above Resistance

Coinbase Asset Management is launching CUSHY, a tokenized stablecoin lending fund targeting institutions via Superstate’s FundOS, with shares on Ethereum, Solana, and Base. Announced May 1 amid stablecoin supply doubling to $300B and volumes tripling to $1.2T—ETH hosting 60% of transactions—the update on May 2 shows ETH at $2,307 (RSI 53), breaking prior $2,286 resistance. This boosts ETH demand, with supports at $2,222–2,287 and resistances at $2,324–2,395, accelerating TradFi-crypto integration.