In a large microwave-safe bowl, melt the peanut butter and butter in microwave for 1 minute.
Stir until smooth and microwave 20 seconds more, if needed.
Add cereal, followed by powdered sugar and gently stir until fully combined.
Using your hands, roll into 1-inch balls and place on prepared baking sheet. Freeze 15 minutes.
Meanwhile, melt the candy coating according to package directions.
Once balls are chilled, place each one on a fork and dip in chocolate until fully coated, letting excess chocolate run off. Place on baking sheet again chill until set. Enjoy!
