Coinbase has reintroduced its Stablecoin Bootstrap Fund to enhance the liquidity of USDC in various decentralized finance (DeFi) protocols. The fund will initially support USDC on Ethereum-based lenders Aave and Morpho, as well as Solana-based platforms Kamino and Jupiter. Planned liquidity deployments aim to ensure users have access to competitive rates across established and emerging protocols. While the size of the fund was not disclosed, Coinbase Asset Management will oversee the liquidity distribution. This revival follows the original fund launched in 2019, which aided protocols like Uniswap and dYdX, helping USDC's market cap grow to $65.6 billion. The renewed focus on USDC comes as Coinbase reported a decline in total revenue but a rise in stablecoin-related revenue, indicating the growing importance of USDC within the crypto ecosystem. Additionally, Coinbase is developing a “super app” intended to integrate various services, enhancing user engagement and access to crypto services.

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