Coinbase (COIN) Revives Stablecoin DeFi Fund Deploying on Aave, Morpho, Kamino, Jupiter
15 Articles
15 Articles
Coinbase (COIN) Revives Stablecoin DeFi Fund Deploying on Aave, Morpho, Kamino, Jupiter
Crypto exchange Coinbase (COIN) said on Tuesday it is reviving its Stablecoin Bootstrap Fund, aiming to boost stablecoin liquidity on decentralized finance (DeFi) markets.The initiative will be managed by Coinbase Asset Management and begins with deployments on Aave, Morpho, Kamino and Jupiter, according to a blog post.The exchange first launched the program in 2019 to help protocols seed early trading pools for USDC stablecoin. That effort supp…
Coinbase USDC Push Supercharges DeFi Funding as Loans Hit $40.7B
The revival of Coinbase’s Stablecoin Bootstrap Fund comes at a critical time for decentralized financing. With active on-chain loans at an all-time high, the initiative intends to create more liquidity in money markets and trading venues, beginning with targeted placements of stablecoins to reduce borrowing rates and spreads. This increasing attention on Coinbase USDC indicates a greater institutional shift toward DeFi’s next phase. Liquidity Me…
On Tuesday, Coinbase presented a new USDC fund supposed to support liquidity within DeFi. What do we know about this initiative? The Coinbase article shows its support for DeFi with a new USDC fund appeared first on Cryptoast.
Coinbase Relaunches Stablecoin Bootstrap Fund To Enhance DeFi Liquidity
Cryptocurrency exchange Coinbase announced the launch of its second Stablecoin Bootstrap Fund, managed by Coinbase Asset Management (CBAM). The primary objective of the fund is to enhance liquidity for stablecoins throughout the on-chain ecosystem, ensuring that users can access dependable rates across both established and emerging protocols. The first investments from the fund are being placed in platforms like Aave, Morpho, Kamino, and Jupiter…
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