Key Takeaways
Coinbase has relaunched its Stablecoin Bootstrap Fund to inject USDC and EURC liquidity into main DeFi protocols on Ethereum and Solana.
The thrill round stablecoins is heating up, with Coinbase grabbing headlines because it relaunches its Stablecoin Bootstrap Fund.
The initiative goals to spice up USDC liquidity throughout each established and rising decentralized finance (DeFi) platforms.
Coinbase relaunches its Stablecoin Bootstrap Fund
According to the corporate, the primary deployments will channel USDC into Ethereum [ETH]-based lenders Aave [AAVE] and Morpho, in addition to Solana [SOL]-based buying and selling platforms Kamino and Jupiter.
The corporate additional quipped,
“We’re notably desirous to collaborate with pre-launch groups or these in search of to drive stablecoin progress from day one.”
Extra than simply USDC
Coinbase has not disclosed the precise dimension of its relaunched Stablecoin Bootstrap Fund.
Nevertheless, it has confirmed that the fund will present liquidity in each Circle’s USDC and its EURC stablecoin. There’s additionally potential for the fund to develop to incorporate different stablecoins sooner or later.
Coinbase emphasised that the transfer aligns with its long-term plan to keep up regular USDC liquidity throughout each mature and up-and-coming networks.
They famous that the aim is to decrease borrowing prices, cut back buying and selling slippage, and foster progress for collaborating protocols.
The journey continues after 6 years
The revival comes six years after the unique fund, which deployed $1 million every to Compound and dYdX, serving to set up USDC as a number one DeFi stablecoin.
USDC holds a $65.6 billion market cap, second solely to USDT’s $164.6 billion, based on CoinGecko.
Coinbase’s Q2 2025 outcomes confirmed $332 million in stablecoin income, with common USDC balances in Coinbase merchandise rising 13% quarter-over-quarter to $13.8 billion.
Supply: Coinbase Q2-2025 Shareholder Letter
A income tailwind regardless of softer earnings
The truth is, regardless of reporting $1.5 billion in Q2 income, barely beneath expectations, Coinbase noticed a 12% improve in stablecoin-related earnings, pushed largely by USDC exercise.
Notably, CEO Brian Armstrong downplayed considerations about Charles Schwab’s deliberate entry into crypto, reaffirming Coinbase’s market management and evaluating the platform to the “Amazon of crypto.”