Coinbase Reinvests in USDC Stability for DeFi Growth

Coinbase is relaunching its Stablecoin Bootstrap Fund, aimed at bolstering liquidity for USD Coin (USDC) across both established and emerging decentralized finance (DeFi) protocols. The fund, dormant since 2019, will re-inject USDC into Ethereum lending platforms Aave and Morpho, as well as Solana-powered trading venues Kamino and Jupiter. Coinbase Asset Management will oversee these deployments to ensure consistent and competitive rates across a broader range of DeFi markets.