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Coinbase Invests $1 Million Worth Of USDC In DeFi Projects UniSwap And PoolTogether
Summary: Coinbase, the cryptocurrency exchange, has announced a $1.1 million investment via its USDC Bootstrap Fund for two projects in an effort to ramp up its support for decentralized finance (DeFi) applications. The USDC Bootstrap Fund, which was released by Coinbase and Circle as part of the Centre Consortium in early fall 2019, looks to encourage ...
Coinbase, the cryptocurrency exchange, has announced a $1.1 million investment via its USDC Bootstrap Fund for two projects in an effort to ramp up its support for decentralized finance (DeFi) applications.
The USDC Bootstrap Fund, which was released by Coinbase and Circle as part of the Centre Consortium in early fall 2019, looks to encourage the development of DeFi by investing funds denominated in USD Coin (USDC) directly into DeFi protocols.
The Ethereum-based Uniswap, a decentralized exchange that runs without an order book, will receive $1 million in USDC, while PoolTogether, the no-loss audited savings game powered by blockchain technology, will receive $1,000 in USDC.
By Ramsey Baker
Tags: Bootstrap Fund,Coinbase,DeFi,Investment,USDC
Link: Coinbase Invests $1 Million Worth Of USDC In DeFi Projects UniSwap And PoolTogether [Copy]
