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Which stablecoin is supported by Coinbase?

avatarTeja addankiDec 06, 2021 · 3 years ago3 answers

Can you tell me which stablecoin is supported by Coinbase? I'm new to cryptocurrency and I want to know which stablecoin I can use on Coinbase.

Which stablecoin is supported by Coinbase?
Coinbase
Stablecoin
Cryptocurrency

3 answers

  • avatarDec 06, 2021 · 3 years ago
    Sure! Coinbase currently supports several stablecoins, including USD Coin (USDC), Dai (DAI), and Tether (USDT). These stablecoins are pegged to the value of the US dollar and provide stability in the volatile cryptocurrency market. You can use any of these stablecoins for trading or transferring funds on Coinbase.
  • avatarDec 06, 2021 · 3 years ago
    Absolutely! Coinbase supports USD Coin (USDC), which is an ERC-20 token built on the Ethereum blockchain. It is fully collateralized by US dollars and can be redeemed for fiat currency. USDC is widely used for trading and as a stable store of value in the cryptocurrency ecosystem.
  • avatarDec 06, 2021 · 3 years ago
    Yes, Coinbase supports several stablecoins, including USD Coin (USDC), Dai (DAI), and Tether (USDT). These stablecoins are popular choices for users who want to minimize their exposure to the volatility of other cryptocurrencies. By using stablecoins, you can easily convert your funds to a stable asset without relying on traditional fiat currencies.

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