Coinbase Relaunches Stablecoin Fund to Boost DeFi Liquidity
Coinbase Global Inc. on 12 Aug. relaunched its Stablecoin Bootstrap Fund, reviving a program first started in 2019 to nurture on-chain dollar liquidity. The initiative, now managed by Coinbase Asset Management, is designed to deepen markets for dollar-pegged tokens across decentralized-finance venues.
The fund will initially supply the USDC and EURC stablecoins to Aave, Morpho, Kamino and Jupiter, with additional protocols invited to apply for support on Coinbase’s Base chain and other networks. While the exchange did not disclose the size of the pool, it said allocations will be scaled over time and could expand to other stablecoins.
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