Coinbase, Exchanges

Does Coinbase Have a Stablecoin?

A stablecoin is a digital asset whose value is pegged to that of a fiat currency or other asset. The most popular stablecoins are pegged to the US dollar.

The value of a stablecoin is intended to remain stable, even when the underlying asset fluctuates.

The most popular stablecoin is Tether (USDT), which is pegged to the US dollar. Tether is backed by reserves of real dollars held in a bank account.

NOTE: Warning: Coinbase does not currently offer a stablecoin. Coinbase does offer USDC, a US dollar-backed stablecoin, however it is issued by a third-party company and is not native to Coinbase. As such, Coinbase does not have direct control over this asset and any losses or gains incurred from using it are the responsibility of the user.

USDT can be used to purchase goods and services, or traded on cryptocurrency exchanges.

Coinbase, one of the largest cryptocurrency exchanges, does not currently offer trading in any stablecoins. However, this may change in the future.

In February 2018, Coinbase announced that it was exploring the addition of five new digital assets, including a stablecoin. The other assets under consideration were Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX).

As of May 2018, Coinbase has not made any further announcements about whether or when it will add support for any of these assets. However, the inclusion of a stablecoin would be a positive development for Coinbase users, as it would provide them with another way to protect their investment from volatility.

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