X @BSCN

Stablecoin Initiative - Coinbase launches second Stablecoin Bootstrap Fund to enhance stablecoin liquidity in DeFi [1] - The fund will be managed by Coinbase Asset Management (CBAM) [1] - Strategic placements will initially focus on Aave, Morpho, Kamino, and Jupiter [1] Historical Context - The first Bootstrap Fund was introduced in 2019 after Coinbase helped launch USD Coin (USDC) [2] - The initial fund successfully seeded liquidity for USDC across Uniswap, Compound, and dYdX [2] USDC Performance - USDC is recognized as a leading stablecoin in DeFi, with approximately $89 billion in Total Value Locked (TVL) [2] - USDC has an estimated $27 trillion in annual onchain transaction volume [2] - USDC powers ecosystems across Ethereum, Base, Solana, Hyperliquid, Sui, Aptos, and others [3] Future Goals - The new Bootstrap Fund aims to support deeper stablecoin integration [3] - Collaboration with teams at the pre-launch stage and those seeking to grow stablecoin usage is a priority [3]