TLDR
- Coinbase revives fund to boost USDC & EURC liquidity across top DeFi platforms.
- Coinbase restarts fund to grow stablecoin markets on Aave, Morpho, Kamino & more.
- New Coinbase push seeds USDC & EURC liquidity for DeFi growth and adoption.
- Coinbase fund fuels stablecoin yields, deep markets, and global DeFi expansion.
- Coinbase returns to boost stablecoin liquidity in leading DeFi lending & trading.
Coinbase has restarted its Stablecoin Bootstrap Fund to strengthen liquidity across decentralized finance markets and accelerate stablecoin adoption. The initiative aims to provide capital directly to protocols and networks where demand for stablecoin liquidity remains high. The move marks a strategic push to expand stablecoin use across both established and emerging DeFi ecosystems.
Here’s an idea: How about a new Stablecoin Bootstrap Fund?
Today, we’re launching our next Bootstrap Fund — deepening stablecoin liquidity in DeFi and helping teams grow their protocols. pic.twitter.com/varQRlZb9a
— Coinbase 🛡️ (@coinbase) August 12, 2025
The program will be managed by Coinbase Asset Management, targeting deployments on Aave, Morpho, Kamino and Jupiter. Coinbase plans to help protocols deliver stable yields and efficient market access for users. The Stablecoin Bootstrap Fund will distribute capital in both USDC and EURC.
This revival follows the original 2019 fund, which seeded early USDC trading pools and boosted liquidity in DeFi’s early growth phase. That earlier effort supported Uniswap, Compound, and dYdX, enabling them to establish strong liquidity from day one. USDC has since become a leading stablecoin in DeFi by volume and adoption.
USDC Deployment Targets Established Protocols
Coinbase is placing USDC liquidity into major lending and trading platforms to ensure consistent and deep stablecoin markets. Aave will receive initial capital to enhance lending pool stability and support competitive borrowing rates. Morpho will also receive funding to optimize peer-to-peer lending markets for stablecoin borrowers and lenders.
By focusing on blue-chip DeFi protocols, Coinbase is reinforcing USDC’s role as a reliable and widely accepted settlement asset. This capital infusion will help reduce slippage, maintain stable rates, and promote higher trading volumes. The approach ensures that both retail and institutional users benefit from liquid and accessible markets.
The Stablecoin Bootstrap Fund’s USDC allocations are designed to scale with demand as usage grows across different platforms and networks. Coinbase will test initial placements and expand based on performance metrics. This measured rollout supports sustainable growth without oversaturating any single protocol.
EURC to Boost Multi-Currency Liquidity
Alongside USDC, Coinbase is deploying EURC to expand euro-denominated stablecoin liquidity in DeFi. This step aims to serve users seeking currency diversification and regional settlement options. EURC integration will also enable protocols to attract a broader range of participants.
Kamino will receive support to strengthen liquidity for EURC pairs and enhance cross-currency trading options. Jupiter, a decentralized exchange aggregator, will also benefit from targeted EURC placements to facilitate stable conversion between major assets. Both deployments will support deeper global market access.
The combination of USDC and EURC placements reflects Coinbase’s long-term view of multi-currency stablecoin markets. By seeding liquidity early, the fund creates conditions for steady growth and broader adoption. This dual-currency strategy positions stablecoins as core building blocks of the onchain financial system.
