Coinbase Asset Management announced CUSHY on April 30 as a tokenized stablecoin credit fund for qualified institutional investors. The fund is set to run on Ethereum, Solana, and Base, with Apollo handling private credit origination, Superstate issuing tokenized shares through FundOS, and Northern Trust serving as administrator. This update adds concrete operating details, confirms the involvement of Coinbase Asset Management, and clarifies blockchain support that had previously been referenced but not consistently specified.