Coinbase Global Inc. unveiled a second Stablecoin Bootstrap Fund on 12 Aug 2025, saying the vehicle will deepen liquidity for dollar-pegged tokens across decentralized-finance trading and lending protocols. The exchange said the initiative will supply capital to on-chain projects, including liquidity pools developed with partners such as Morpho Labs, to improve the depth and stability of stablecoin markets used for borrowing, lending and trading on public blockchains. Coinbase introduced its first bootstrap fund in 2019; the company did not disclose the size of the new pool but said it expects the program to accelerate adoption of on-chain dollar instruments and strengthen the broader DeFi ecosystem.