Coinbase Exchange Lists DAI Stablecoin

Major cryptocurrency exchange Coinbase announced on May 23, 2019, that it had listed Maker’s stablecoin Dai (DAI) on its trading platform. With this, users of Coinbase.com and its Android and iOS apps will now be able to buy, sell, and store DAI. Welcome DAI According to the announcement, Coinbase users in the U.S. can now […]

Coinbase Now Supports Another Stablecoin, MakerDAO’s Dai

Major cryptocurrency platform Coinbase now supports stablecoin Dai (DAI), according to an official press release on May 23. Coinbase says that the token can be purchased and sold, sent and received, and converted or stored in most jurisdictions on its platform, with the exception of New York, for now. DAI is designed to maintain a […]

Coinbase Opens DAI Stablecoin Trading to Retail Customers

Crypto exchange Coinbase will now let its retail customers buy or trade the DAI stablecoin, so long as they don’t live in New York. The exchange announced Thursday that it was adding DAI on its website, as well as its Android and iOS apps, letting customers buy, sell, convert, trade or store the stablecoin. Customers […]

Major Swiss Stock Exchange SIX Developing Stablecoin Pegged to the Franc

Financial service provider SIX is developing a stablecoin pegged to the Swiss franc, a company spokesman confirmed to Cointelegraph on May 23. The company is also planning to launch a blockchain-powered exchange for digital tokens in the second half of 2019, but the spokesman said he was currently not at liberty to discuss further details concerning whether the […]

Stablecoin Usage Soars in 2019

Stablecoins, led by Tether (USDT), have already made a lasting impression on 2019 with volumes beating that of 2018 in a mere five and a half months. According to a report by Diar, May 21, 2019, Tether has seen nearly $1.3 trillion in trading volume in 2019 so far, leading the stablecoin pack by a considerable […]

Switzerland’s SIX Stock Exchange Is Working on a Swiss Franc Stablecoin

SIX, the Swiss national stock exchange group, is working on creating its own “stablecoin” – a cryptocurrency pegged to the Swiss franc – to facilitate transactions on the SIX Digital Exchange (SDX), CoinDesk has learned. A spokesman for SIX confirmed the move in an email, telling CoinDesk: “Yes, we are currently working on a CHF […]

Coinbase Payment Processing Service Now Supports Circle’s USDC Stablecoin

Major United States-based cryptocurrency exchange Coinbase announced that its cryptocurrency payment processor Coinbase Commerce now supports Circle’s stablecoin USD Coin (USDC) in a blog post on May 20. Per the announcement, Coinbase Commerce users can now accept USDC payments with no transaction fees. The announcement specifies that “unlike accepting credit card payments, merchants can accept […]

Coinbase Now Lets Merchants Accept Payments in the USDC Stablecoin

Coinbase Commerce, the cryptocurrency exchange’s merchants payments offering, has added support for the dollar-pegged stablecoin USD Coin (USDC). The development means businesses can now receive payments in USDC from customers “in minutes with zero transaction fees” and no chargebacks, Coinbase announced in a blog post on Monday. “Unlike accepting credit card payments, merchants can accept USD […]

Low Turnout Hinders MakerDAO Vote to Decrease Stablecoin Stability Fee by 2%

The vote to decrease stability fee for MakerDAO’s Ethereum blockchain-based decentralized stablecoin Dai has failed, according to the voting results published on May 20. The vote about whether to decrease the fee by 2% to 17.5% per year started yesterday, May 19. MakerDAO is looking to change the yearly stability fee in an attempt to […]

Circle Releases Another Attestation Report on Stablecoin USDC’s USD Reserves

Goldman Sachs-backed crypto finance startup Circle has published the latest third-party audit of its USD-pegged stablecoin, USD Coin (USDC). The company reported the update in a blog post published on May 17. USD Coin is an Ethereum-based token compliant with the ERC20 standard that was first announced in May last year and released in September. Per this week’s announcement, […]