Coinbase announced the revival of its Stablecoin Bootstrap Fund, an initiative aimed at enhancing liquidity across decentralized finance protocols. Managed by Coinbase Asset Management, the program’s first deployments will target Aave, Morpho, Kamino, and Jupiter.
First launched in 2019, the fund helped seed USDC liquidity on pioneering platforms such as Uniswap, Compound, and dYdX, boosting USDC’s status as the leading stablecoin in DeFi. The relaunched program will now support both mature and emerging protocols, providing capital in USDC and Circle’s euro-denominated EURC stablecoin.
Although Coinbase has not revealed the total fund size, it plans to experiment with multiple networks before expanding. This comes as DeFi’s total value locked has climbed to nearly $200 billion, almost double since April, fueled by bullish crypto markets and easing U.S. regulatory pressures. Coinbase’s move could further cement USDC’s role in powering accessible, efficient yield opportunities across DeFi ecosystems.
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