Coinbase has recently made waves in the world of stablecoins with the relaunch of its Stablecoin Bootstrap Fund. This initiative is aimed at injecting liquidity into major DeFi protocols on both Ethereum and Solana by channeling USDC and EURC stablecoins.
The company has revealed that the first deployments from the fund will focus on providing liquidity to established platforms like Aave and Morpho on Ethereum, as well as Kamino and Jupiter on Solana. Coinbase expressed its eagerness to collaborate with both pre-launch teams and those looking to drive stablecoin growth from day one.
In addition to USDC, the fund will also provide liquidity in Circle’s EURC stablecoin with the potential to include other stablecoins in the future. The goal of this initiative is to ensure steady USDC liquidity across various networks, ultimately lowering borrowing costs, reducing trading slippage, and fostering growth for participating protocols.
This relaunch comes six years after the original fund, which played a pivotal role in establishing USDC as a leading DeFi stablecoin. With a current market cap of $65.6 billion, USDC ranks second only to USDT. Coinbase’s Q2 2025 results showcased $332 million in stablecoin revenue, with average USDC balances in Coinbase products reaching $13.8 billion.
Despite reporting slightly lower than expected Q2 revenue of $1.5 billion, Coinbase saw a 12% increase in stablecoin-related earnings, driven primarily by USDC activity. CEO Brian Armstrong remains confident in Coinbase’s market leadership, likening the platform to the “Amazon of crypto” and downplaying concerns about potential competition from traditional financial institutions like Charles Schwab.
Overall, the relaunch of Coinbase’s Stablecoin Bootstrap Fund signifies a continued commitment to supporting the growth and development of the DeFi ecosystem through the injection of liquidity into key protocols. As the buzz around stablecoins continues to heat up, Coinbase remains at the forefront of driving innovation and fostering collaboration within the crypto industry.