Franklin Templeton's OnChain U.S. Government Money Market Fund now available on Coinbase's Base blockchain
Franklin Templeton has made its OnChain U.S. Government Money Market Fund available on Coinbase's Base blockchain, making it the first asset manager to build on the layer-2 blockchain. The fund, which has a market cap of $410 million, is also available on five other blockchains, with Stellar being the primary network. This move comes as Bitcoin's layer-2 solutions continue to evolve, with Muneeb Ali discussing Stacks' Nakamoto upgrade. Additionally, Bitcoin ETFs have seen record inflows of $870 million as BTC tests all-time highs.
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