Crypto

DAI is now a Supported Asset on the Coinbase Card

Coinbase continues to explore its options in the cryptocurrency space. That also includes adding support for digital assets in any way possible.

As far as the Coinbase Card is concerned, it has now received DAI stablecoin functionality.

A Different Asset for the Coinbase Card

It is the first time any stablecoin is supported on this payment card issued by the popular company.

One could argue there are far more popular coins on the market, such as Tether’s USDT.

However, that currency is not suited for the Coinbase card for a variety of reasons.

The main reason being how it is not supported by Coinbase or any of its platforms and services right now.

Related Post

In the blog post, the company explains DAI is an alternative for those who want to spend digital assets without much volatility. 

As is the case with stablecoins, they are designed to always maintain their peg to the US Dollar.

Especially now that Christmas shopping is on the horizon, this stablecoin support can be rather interesting to explore among Coinbase Card holders.

It is interesting to note how this card has supported for a fair few digital assets right now. 

One has to wonder if other crypto debit cards will receive stablecoin support as well in the future.

This development creates a very intriguing precedent for the cryptocurrency industry as a whole. 

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

FOMO: Best Crypto to Buy Now— AurealOne is Merging Innovation with Investment Potential!!

The abbreviation Crypto refers to digital money which uses blockchain technology to operate as a…

15 hours ago

Smart Money Targets Key Narratives: Accumulation Trends Highlight Growing Interests in Meme Coins, DeFi, and AI

A fresh round of investments over the last day shows high-net-worth individuals and institutional players…

24 hours ago

Bitcoin Network Growth and Renewed Investor Confidence Signal Strong Market Fundamentals

The continued growth of Bitcoin is reflected in the rise of its holders, with the…

24 hours ago

Ethereum Faces Record Selling Pressure, But Support Levels and Momentum Could Propel it Toward $800

In recent times, Ethereum has faced a lot of selling pressure, with the last three…

24 hours ago

Crypto Trader Makes Millions in Profit with High-Leverage Trades on Hyperliquid

A prominent cryptocurrency trader is enjoying unprecedented success with high-leverage positions on the Hyperliquid platform,…

24 hours ago

Donald Trump’s World Liberty Financial Persists In Making Substantial Maneuvers Within The Crypto Space

Donald Trump's World Liberty Financial (@worldlibertyfi) has once again made a significant move in the…

24 hours ago