Crypto Exchange Coinbase’s Educational Portal Adds Dai Stablecoin

News | June 11, 2019 By:

Crypto exchange Coinbase has added support for ethereum-based stablecoin DAI on its educational portal Coinbase Earn.

Coinbase Earn, which was launched in December 2018, allows anyone to learn about different cryptocurrencies via educational content. Eligible Coinbase users are able to “unlock” lessons on top of the content where they can earn crypto.

DAI, the first stablecoin covered by Coinbase Earn, joins other digital currencies on the platform, including Stellar Lumens (XLM), ZCash (ZEC), Basic Attention Token (BAT), EOS (EOS) and 0x (ZRX). According to its whitepaper, DAI is a decentralized stablecoin designed with a goal of maintaining a target value of approximately $1. The stablecoin is backed by collateral on the Maker (MKR) platform. MKR and DAI tokens form a paired set of assets in which MKR provides governance, and DAI is a decentralized, collateral-backed stablecoin.

“Coinbase strives to be a trusted source where customers can educate themselves about new developments in crypto, and we’re excited to offer people a new opportunity to learn about and earn DAI,” Coinbase said. “We expect earning to become an increasingly important function in the crypto ecosystem — alongside buying, staking, voting, and mining — especially when paired with education.”