Coinbase & Squads Boost USDC Adoption on Solana Blockchain

Coinbase is partnering with Squads to accelerate the use of USDC on the Solana blockchain. This collaboration aims to expand USDC adoption across the Solana ecosystem, leveraging the existing traction of over $1 billion in USDC secured by Squads’ products. Coinbase has also relaunched its Stablecoin Bootstrap Fund, focusing on bolstering DeFi liquidity with stablecoins and promoting USDC adoption within decentralized finance protocols like Aave, Jupiter, Morpho, and Kamino.