Coinbase Brings Back Bootstrap Fund to Boost USDC in DeFi

Written by Aaron S.,

Editor-In-Chief

Last Updated: August 13, 2025

Key Takeaways

Coinbase has relaunched its Stablecoin Bootstrap Fund to grow USDC liquidity in DeFi;
First allocations target Aave, Morpho, Kamino, and Jupiter across Ethereum and Solana;
The fund aims to support both new and established platforms with steady USDC access.

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Coinbase $801.25M has decided to restart its Stablecoin Bootstrap Fund, an initiative to help decentralized finance (DeFi) platforms access USDC USDC $1.00 liquidity.

According to a blog post released on August 12, the fund will be managed by Coinbase Asset Management (CBAM).

Its first USDC allocations are going to Aave AAVE $268.95 and Morpho on Ethereum ETH $4,031.24 , and Kamino and Jupiter JUP $0.4431 on Solana SOL $204.84 .

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Coinbase stated that the goal is to support platforms that are already established as well as those just starting out.

The exchange said:

As we scale the fund over time and distribute liquidity across more protocols and stablecoins, we’re particularly eager to collaborate with pre-launch teams or those seeking to drive stablecoin growth from day one.

The exact size of the fund was not shared, but the plan is to expand it gradually. It is meant to make sure that users in the DeFi industry can access stablecoins at consistent and competitive rates, no matter which network or application they use.

This is not Coinbase’s first attempt at such a program. In 2019, after the launch of USDC, the company introduced a similar Bootstrap Fund. It helped some of the earliest DeFi platforms, including Uniswap UNI $7.65 , Compound COMP $41.20 , and dYdX DYDX $0.6230 , gain access to the stablecoin.

Coinbase recently announced plans to raise $2 billion through a private sale of convertible notes. What is the purpose of this funding? Read the full story.