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2w ago

Coinbase Relaunches Stablecoin Bootstrap Fund to Deepen DeFi Liquidity

Coinbase Asset Management is overseeing injections of USDC and EURC into Aave, Morpho, Kamino and Jupiter ahead of a broader multi-chain rollout.

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Coinbase's Stablecoin Bootstrap Fund
Coinbase revives stablecoin funding program to bolster defi liquidity
Coinbase targets defi domination with new stablecoin fund to accelerate onchain growth

Overview

  • Coinbase has revived its 2019 Stablecoin Bootstrap Fund under the management of Coinbase Asset Management to boost stablecoin depth in DeFi.
  • Initial USDC and EURC deployments target lending, trading and routing platforms Aave, Morpho, Kamino and Jupiter.
  • Total fund size and individual protocol allocations remain undisclosed as Coinbase pilots its capital across Ethereum, Base, Solana, Sui and Aptos.
  • Protocols seeking immediate liquidity, including early-stage projects, are invited to apply for funding as the initiative scales.
  • The relaunch follows USDC’s climb to about $8.9 billion in DeFi TVL and $2.7 trillion in annual on-chain volume alongside nearly $200 billion in total DeFi assets.