COINBASE REVIVES STABLECOIN FUNDING PROGRAM FOR DEFI

Summary from the TLDR Crypto newsletter

Coinbase is reviving its Stablecoin Bootstrap Fund, originally launched in 2019, to boost stablecoin liquidity across decentralized finance protocols through its asset management arm. The program begins with capital deployments in USDC and EURC stablecoins on platforms including Aave, Morpho, Kamino, and Jupiter, with broader rollouts planned after initial testing. The original fund successfully supported early DeFi platforms like Uniswap, Compound, and dYdX in establishing USDC as the dominant stablecoin in the sector. This revival comes as DeFi assets have nearly doubled to $200 billion since April, though the sector remains below its 2021 peak despite accelerating growth amid favorable crypto market conditions.