Coinbase has launched its second Stablecoin Bootstrap Fund aimed at deepening stablecoin liquidity in decentralized finance (DeFi) capital markets. Managed by Coinbase Asset Management (CBAM), the fund initially deployed USDC and EURC stablecoins to key DeFi protocols including Aave, Morpho, Kamino, and Jupiter. Morpho, a lending protocol with $6.6 billion locked and $3.3 billion borrowed, is among the beneficiaries, expanding its offerings to include stETH and new blockchain networks such as Base, Arbitrum, and Polygon. In addition to the Bootstrap Fund, Coinbase has partnered with Squads Protocol to make USDC the default stablecoin across all products on the Solana blockchain. The company also announced the acquisition of Deribit, the leading crypto options exchange by volume, to enhance its global derivatives platform. Furthermore, Coinbase has introduced in-app decentralized exchange (DEX) trading for U.S. users, a move highlighted by the company's Head of Trading as potentially transformative for the market.