Cryptocurrency exchange platform Coinbase announced on Friday the introduction of the first stablecoin for Coinbase Card. The platform reported that it has launched full support for the digital currency, DAI.
“Paying with a stablecoin brings something new to the Coinbase Card experience and using a cryptocurrency with stable purchasing power gives more opportunity and choice to customers. For customers wanting to spend crypto with less volatility, DAI could be the answer. DAI aims to always be worth one US Dollar, which offers more certainty to customers when picking up last-minute Christmas gifts, rounds of mulled wine for the office, and beyond.”
Coinbase also reported that the update represents a small step on its big journey to make crypto accessible to all through alternative payment options for its customer base. The platform added:
“To get started with Coinbase Card, download the iOS or Android app today and sign in using your Coinbase account. Once a Coinbase Card has been requested, customers will receive their contactless Coinbase Card in the mail.”