Overview

• The Stablecoin Bootstrap Fund formally relaunched on August 12 under Coinbase Asset Management, marking its first activity since 2019.
• Initial liquidity injections delivered USDC to Aave and Morpho on Ethereum and to Kamino and Jupiter on Solana to improve slippage and market depth.
• Coinbase has kept the fund’s size undisclosed and said it will pilot placements across multiple chains before deciding on a full-scale rollout.
• The program seeks to support both established protocols and pre-launch teams by inviting them to apply for future liquidity allocations.
• Coinbase highlights USDC’s roughly $8.9 billion in DeFi total value locked and $2.7 trillion in annual on-chain volume as justification for the initiative.