TechFlow news, August 13 — According to The Block, Coinbase has announced the relaunch of its Stablecoin Bootstrap Fund, marking the second phase of such an initiative since the company first introduced a similar program in 2019. The fund will initially provide stablecoin liquidity support to decentralized finance protocols including Aave, Morpho, Kamino, and Jupiter.
Operated by Coinbase's asset management division, the program will initially deploy USDC and EURC stablecoins, with potential expansion to other stablecoin types in the future. Shan Aggarwal, Coinbase's Chief Commercial Officer, stated that the initiative aims to ensure decentralized protocols have sufficient liquidity to meet user demand.
Notably, Coinbase’s initial fund launched in 2019 invested $1 million each into protocols such as Compound and dYdX, later adding $1.1 million in investments into Uniswap and PoolTogether. These early efforts helped establish USDC as a core stablecoin within the decentralized finance ecosystem.
