According to @dydxfoundation, Coinbase has relaunched its $175M USDC Bootstrap Fund, which it describes as a clear signal of the continued maturation of on-chain liquidity (source: dYdX Foundation on X, Aug 13, 2025). @dydxfoundation also stated that dYdX previously benefited from similar liquidity-bootstrapping initiatives that played a role in accelerating market depth, highlighting trading relevance for USDC and DYDX markets (source: dYdX Foundation on X, Aug 13, 2025).