Catenaa, Wednesday, August 20, 2025-Coinbase has revived its Stablecoin Bootstrap Fund after nearly six years, aiming to strengthen stablecoin liquidity across decentralized finance protocols.
The fund’s initial deployments are on Aave, Morpho, Kamino, and Jupiter, with plans to expand to more platforms and stablecoins.
Managed by Coinbase Asset Management, the program seeks to increase access to stablecoins and maintain reliable rates in DeFi.
The fund will supply liquidity in Circle’s USDC and EURC, with potential additions of other stablecoins in the future. Coinbase has not disclosed the fund’s size.
The initiative mirrors Coinbase’s 2019 Bootstrap Fund, which seeded USDC liquidity on early DeFi platforms including Compound, dYdX, Uniswap, and PoolTogether. Those early placements helped USDC become a core stablecoin across multiple ecosystems, including Ethereum, Base, Solana, Sui, and Aptos.
Coinbase executives said the relaunch comes at a point of accelerating adoption for onchain financial services. They noted the first fund’s success in driving early stablecoin usage and see the new effort as a way to build on that momentum.
The move also aligns with Coinbase’s broader DeFi strategy.
Last week, the company announced plans to integrate a decentralized exchange, granting users access to millions of digital assets not listed on its central platform.
The expansion follows a reported drop in Coinbase’s spot trading volumes and revenue in the second quarter.
