Cryptocurrency exchange Coinbase has launched another installment of its Stablecoin Bootstrap Fund. The fund follows the 2019 debut of the initial fund, aimed at helping decentralized finance (DeFi) developers establish liquid marketplaces. The new fund will be overseen by Coinbase Asset Management (CBAM), with its first placements on Aave, Morpho, Kamino and Jupiter to bolster stablecoin liquidity within their ecosystems. The fund follows the 2019 debut of the initial fund, aimed at helping decentralized finance (DeFi) developers establish liquid marketplaces. The new fund will be overseen by Coinbase Asset Management (CBAM), with its first placements on Aave, Morpho, Kamino and Jupiter to bolster stablecoin liquidity within their ecosystems. “As we scale the fund over time and distribute liquidity across more protocols and stablecoins, we’re particularly eager to collaborate with pre-launch teams or those seeking to drive stablecoin growth from day one,” the company said. “We believe the future of finance is onchain, and we’re excited to lead the way by putting Coinbase’s own resources to work. The Stablecoin Bootstrap Fund is another effort that reflects our commitment to fostering a thriving onchain ecosystem.” The initial fund helped seed onchain liquidity for Coinbase’s USDC stablecoin across a variety of “blue-chip DeFi protocols, such as Uniswap, Compound and dYdX, helping drive robust liquidity in the early innings of DeFi.”