Coinbase Global Inc. on 12 Aug. relaunched its Stablecoin Bootstrap Fund, reviving a program first started in 2019 to nurture on-chain dollar liquidity. The initiative, now managed by Coinbase Asset Management, is designed to deepen markets for dollar-pegged tokens across decentralized-finance venues. The fund will initially supply the USDC and EURC stablecoins to Aave, Morpho, Kamino and Jupiter, with additional protocols invited to apply for support on Coinbase’s Base chain and other networks. While the exchange did not disclose the size of the pool, it said allocations will be scaled over time and could expand to other stablecoins. Coinbase framed the move as a response to accelerating demand for on-chain credit, citing a record US$40.7 billion in active DeFi loans. USDC already anchors roughly US$8.9 billion in DeFi total value locked and processes about US$2.7 trillion in annual on-chain volume, according to the company, which expects extra liquidity to lower borrowing costs and broaden stablecoin adoption.