Coinbase revives Stablecoin Bootstrap Fund to boost liquidity

Coinbase has brought back its Bootstrap fund from Stablecoin, injecting capital into the decentralized financial ecosystem to improve the liquidity of the USDC and the EURC.

Announced on August 12, the initiative represents the first significant activity of the fund in more than four years and indicates a renewed emphasis on the adoption of stable on chain markets.

Liquidity sowing on the key platforms Keys

The first allowances will go to Aave (GHOST) and Morpho (Morpho) on Ethereum (Ethn) for regular loan pools and improve the efficiency of loans, and in Kamino and Jupiter based in Solana (Jupp) to extend chip exchanges and liquidity routing.

USD coin (USDC) already supports about 8.9 billion dollars of total locked value and moves around 2.7 billions of dollars on the chain each year on networks, in particular Ethereum, Base, Solana (GROUND), and sui (Sui).

By undertaking these protocols, Coinbase aims to make trading more effective, reduce slip and support established players and emerging teams. The company said that the program was open to pre-launch projects and an early stage that need a liquidity base to attract users.

Strategic dust in the middle of a competitive stable landscape

The revival follows a similar attempt in 2019 which helped the USDCUNITED), Compound (Behave), and Dydx. This time, the fund enters a market where Total DEFI TVL is close to $ 160 billion, with TETHER (USDT) being the dominant squap by market capitalization.

Coinbase sees an opportunity to push USDC and EURC in a more active use by making them easily available on high volume protocols. The company plans to expand the scope of the fund according to the way in which these first internships take place, with the longer -term objective of making stablecoins a confidence settlement tool on several blockchains.

With increased and stable -coin volumes regulations Becoming clearer in several jurisdictions, the renewal of the liquidity of Coinbase could arrive at a good time.

But the fact that this infusion of capital entails or not a measurable change of market share will probably depend on the adoption of developers, the incentives in progress and the speed with which the challenge protocols integrate these staboins in the main markets.