Coinbase brings back the stablecoin bootstrap fund to expand USDC liquidity

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Coinbase is reopening its revamped Stablecoin Bootstrap Fund for the first time in nearly six years, aiming to boost stablecoin liquidity across decentralized finance (DeFi) protocols. Initially, the fund will provide liquidity to Aave, Morpho, Kamino, and Jupiter, with Coinbase Asset Management overseeing the program. It will supply liquidity in USDC and EURC on behalf of Circle, with plans to add other stablecoins. According to Coinbase’s chief business officer, Shan Aggarwal, the fund’s purpo...