Coinbase Launches Second Stablecoin Fund to Boost Liquidity Across Blockchain Networks

Coinbase has launched a new initiative called the ‘Second Stablecoin Bootstrap Fund’ designed to increase USDC liquidity across various blockchain networks. This follows Coinbase’s successful 2019 fund which supported the launch of USDC on major DeFi platforms like Uniswap, Compound, and dYdX. The fund will deploy capital to protocols such as Aave, Morpho, Kamino, and Jupiter, among others. The exchange also welcomes new projects to apply for inclusion in this initiative.