Altcoins News
By Evie Vavasseur
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Fund Restart Targets Leading DeFi Protocols. In its reveal on Tuesday, Coinbase revealed that the first phase of the restarted fund will focus…
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Strengthening USDC in a Tether-Dominated Market. Coinbase co-founded USDC in partnership with Circle Internet Group in 2018 and continues to be a…
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Broader DeFi Market Context. The restart comes at a time when the total value locked (TVL) in DeFi stands at $165.
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A Look Back at the Original Fund. Coinbase first introduced the Stablecoin Bootstrap Fund in September 2019, just a year after…
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Revenue Trends Show Stablecoin Growth. Coinbase’s move to bolster USDC in DeFi also comes as its overall revenue faces pressure.
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Expanding the Coinbase Ecosystem. The stablecoin push is part of Coinbase’s broader strategy to evolve beyond being just a trading…
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Strategic Implications. Reviving the Stablecoin Bootstrap Fund positions Coinbase to achieve multiple objectives:
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Coinbase has revealed the revival of its Stablecoin Bootstrap Fund, an initiative aimed at increasing liquidity for the USD Coin (USDC) stablecoin across major decentralized…
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In its reveal on Tuesday, Coinbase revealed that the first phase of the restarted fund will focus on deploying USDC liquidity to four platforms: Ethereum-based lending protocols…
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The deployments will be managed by Coinbase Asset Management, with the goal of ensuring users have access to reliable interest rates across both established and emerging DeFi…
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Although the exchange did not disclose the size of the fund, the original Stablecoin Bootstrap Fund—started in 2019—allocated $1 million each to lending platforms Compound and…
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Coinbase co-founded USDC in partnership with Circle Internet Group in 2018 and continues to be a central figure in the stablecoin’s ecosystem.
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Tether continues to dominate the stablecoin sector, enjoying an over $100 billion lead in market cap and commanding the majority of trading volume.
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USDC is supported across multiple blockchains, including Ethereum, Base, Solana, Polygon, Aptos, Avalanche, and Sui, allowing it to be deployed in a wide range of DeFi…
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Coinbase’s decision to start its new liquidity push with Aave and Morpho aligns with a broader trend in DeFi lending, where well-capitalized lending pools have become a…
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