Here’s why Coinbase revived Stablecoin Bootstrap Fund after 6 years
Main Idea
Coinbase has relaunched its Stablecoin Bootstrap Fund to boost USDC and EURC liquidity in DeFi protocols on Ethereum and Solana, aiming to foster growth for participating platforms.
Key Points
1. Coinbase's Stablecoin Bootstrap Fund will initially deploy USDC into Ethereum-based lenders Aave and Morpho, as well as Solana-based platforms Kamino and Jupiter.
2. The fund will also provide liquidity in Circle’s USDC and EURC stablecoins in the future.
3. The revival of the fund comes six years after the original, which helped establish USDC as a leading DeFi stablecoin.
4. USDC holds a $65.6 billion market cap, second only to USDT’s $164.6 billion, with Coinbase reporting $332 million in stablecoin revenue in Q2 2025.
5. Despite slightly missing Q2 revenue expectations, Coinbase saw a 12% increase in stablecoin-related earnings, driven by USDC activity.
Description
Coinbase’s stablecoin fund is back! Will EURC adoption match USDC’s growth trajectory?
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