Coinbase Launches Stablecoin Fund to Boost DeFi Funding, Reaching New Highs

Coinbase has introduced a new initiative aimed at boosting Decentralized Finance (DeFi) funding. The program, called the Stablecoin Bootstrap Fund, seeks to increase liquidity in money markets and trading venues by seeding stablecoins into high-volume DeFi protocols like Aave, Morpho, Kamino, and Jupiter. The fund’s goal is to reduce borrowing rates and spreads, ultimately attracting new users to DeFi while creating a more robust financial system.