Why usdc Is Trending Today?

Coinbase has revived its Stablecoin Bootstrap Fund after six years to increase liquidity of its stablecoin, USDC, across various decentralized finance (DeFi) platforms. The fund aims to expand USDC's presence and usage in the DeFi ecosystem.

Coinbase has revived its Stablecoin Bootstrap Fund, aiming to boost liquidity for the stablecoin USDC in the decentralized finance (DeFi) ecosystem. The fund, which was initially launched in 2020, is being brought back to further expand the usage and accessibility of USDC, a stablecoin pegged to the U.S. dollar. By doing so, Coinbase seeks to enhance the overall liquidity and vibrancy of the DeFi market, fostering growth and innovation in the space.