Coinbase Reboots Fund too Boost Liquidity for USDC and EURC
Coinbase has reactivated its Stablecoin Bootstrap Fund, pouring funds into decentralized finance (DeFi) to boost USDC and EURC liquidity.
The initiative launched on August 12, marking the fund’s first major move in over four years.This strategic step underscores a renewed focus on integrating stablecoins into on-chain transactions.
Initial funds will be allocated to key DeFi platforms.
- Aave and Morpho on Ethereum will recieve funds to stabilize lending.
- Solana-based Kamino and Jupiter will get support for token swaps and liquidity routing.
The goal? Improve trading efficiency and reduce slippage.
USD Coin (USDC) currently secures around $8.9 billion in total value locked, processing approximately $2.7 trillion annually across various blockchain networks. By funding these protocols, coinbase hopes to drive broader adoption.
This latest push builds on a 2019 effort that seeded liquidity on platforms like Uniswap, compound, and dYdX, helping USDC gain traction.
Today’s DeFi market holds nearly $160 billion in total value locked (TVL), with Tether (USDT) as the leading stablecoin. By enhancing USDC and EURC liquidity, Coinbase aims to establish these assets as reliable tools across different blockchains.
With growing DeFi volumes and clearer regulations, now could be the perfect time for this funding boost. However, success will hinge on developer support, ongoing incentives, and fast integration into major DeFi markets.
