Coinbase revives stablecoin bootstrap fund to boost USDC in DeFi
Coinbase has revived its fund to boost USDC liquidity in DeFi, starting with supporting the stablecoin on Aave, Morpho, Kamino, and Jupiter.
Coinbase is relaunching its Stablecoin Bootstrap Fund first introduced in 2019 to boost the liquidity of the stablecoin USDC in a range of popular and emerging decentralized finance protocols.
Coinbase said on Tuesday its first placements will provide USDC (USDC) liquidity into Ethereum-based lenders Aave and Morpho, and Solana-based trading platforms Kamino and Jupiter.
“As we scale the fund over time and distribute liquidity across more protocols and stablecoins, we’re particularly eager to collaborate with pre-launch teams or those seeking to drive stablecoin growth from day one,” it added.
