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Coinbase has announced the relaunch of its Stablecoin Bootstrap Fund with a renewed goal of supercharging liquidity in decentralized finance (DeFi) markets.
The innovative initiative aims to inject more stability into these markets by deploying USDC and EURC stablecoins across Aave, Morpho, Kamino, and Jupiter. This bold move intends to bolster liquidity, enhance market depth, and streamline cross-border flows for users and projects seeking euro settlement options.
The revival of the Stablecoin Bootstrap Fund stems from the DeFi sector’s recovery. Recent data shows a resurgence in total assets across decentralized protocols, which has reached $200 billion, albeit still below its 2021 peak. By releasing targeted liquidity injections and measured distribution, Coinbase aims to improve operational conditions for both retail and institutional users on multiple blockchain networks.
In an effort to maintain competitive rates for borrowers and lenders on Aave, the firm will focus on reinforcing loan pool stability while also evaluating each protocol’s performance before making further investments. This strategic approach ensures that no single market is saturated with funds, thus aligning with real liquidity demand.
By placing EURC in pools and aggregators on Kamino and Jupiter, Coinbase seeks to offer users and projects a euro settlement option and simplify cross-border transactions requiring currency diversification.
To ensure successful integration of the Stablecoin Bootstrap Fund’s revived form, Coinbase has partnered with Aave, Morpho, Kamino, and Jupiter.
Source: crypto-economy.com
