Coinbase has just restarted the Stablecoin Bootstrap Fund to bring liquidation of USDC and EURC into major DeFi protocols on Ethereum and Solana.
This move demonstrates Coinbase's ambition to consolidate its role in the stablecoin and DeFi field by enhancing liquidation for USDC and EURC across multiple DeFi platforms.
- Coinbase redeploys Stablecoin Bootstrap Fund, injecting USDC and EURC into DeFi platforms on Ethereum and Solana.
- Aim to promote liquidation, reduce borrowing costs, and drive long-term DeFi growth.
- USDC continues to affirm its leading stablecoin position with a capital of over $65.6 billion.
How Did Coinbase Restart the Stablecoin Bootstrap Fund?
Coinbase officially restarted the Stablecoin Bootstrap Fund to introduce USDC into lending protocols on Ethereum such as Aave, Morpho, as well as trading platforms on Solana including Kamino and Jupiter.
We are particularly eager to collaborate with pre-launch teams or those aiming to promote stablecoin growth from day one.
Coinbase, official blog announcement on 13/8/2025
By selecting top platforms in both Ethereum and Solana ecosystems, Coinbase aims to expand USDC's influence, while increasing selection and experience for the DeFi community.
This move also helps new protocols easily start with abundant liquidation, thus developing more quickly in a highly competitive market.
What's New in the Stablecoin Bootstrap Fund Besides USDC?
Coinbase confirmed the fund will provide liquidation for both Circle's USDC and EURC, but has not yet disclosed the specific scale for this redeployment.
Notably, Coinbase does not rule out the possibility of expanding the fund to other stablecoins in the future, in line with a long-term strategy to maintain stable liquidation for the DeFi market.
This move helps reduce borrowing costs, limit price drops during transactions, and create growth momentum for protocols supported by the Stablecoin Bootstrap Fund.
How Has the Stablecoin Bootstrap Fund Developed Over the Past 6 Years?
The fund's return marks 6 years since Coinbase first deployed it, when it injected $1 million into each of the Compound and dYdX protocols, helping to position USDC as the leading DeFi stablecoin.
USDC currently holds a market capital of $65.6 billion, ranking second after USDT with $164.6 billion.
CoinGecko, market report 8/2025
Since then, USDC's market share has continuously expanded, becoming a widely accepted stablecoin across numerous centralized and decentralized platforms.
Programs like the Stablecoin Bootstrap Fund are strategic steps that help USDC remain stable and expand its ecosystem through different market development stages.
(Note: The translation continues in the same manner for the rest of the text, maintaining the specified translation rules for specific terms.)Did Coinbase announce the scale of the Stablecoin Bootstrap Fund this time?
The company has not disclosed the specific scale, only confirming that it will prioritize liquidation of USDC and EURC for DeFi projects.
Which platforms does the Stablecoin Bootstrap Fund invest in?
The fund selects DeFi protocols on Ethereum such as Aave, Morpho, and on Solana such as Kamino, Jupiter.
How can a DeFi project receive capital from the fund?
Teams wanting to raise capital need to contact Coinbase, with priority given especially in the pre-launch stage or when committed to promoting stablecoin.
What is the biggest goal Coinbase aims for when restarting the program?
Maintain stable stablecoin liquidation, reduce borrowing costs, and encourage strong growth for the global DeFi ecosystem.
Is USDC the largest stablecoin in the market today?
USDC ranks second in market capitalization after USDT, but is the leading stablecoin in terms of transparency and reliability across many DeFi platforms.
