Cryptocurrency Q&A
What is the stable coin of Coinbase?
What is the stable coin of Coinbase?
Raffaele
Wed Nov 13 2024
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5 answers
1062
Coinbase's stable coin is a digital currency that maintains a stable value, typically pegged to a fiat currency like the US dollar. It allows for efficient and cost-effective transactions, making it attractive for consumers and businesses. Coinbase supports multiple stable coins, enabling users to transact quickly and securely across borders.
5 answers
TaegeukChampionCourage
Fri Nov 15 2024
To achieve this stability, their market value is pegged to an external reference.
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BlockchainLegendary
Fri Nov 15 2024
The external reference could be a traditional fiat currency, such as the U.S. dollar.
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MysticGalaxy
Fri Nov 15 2024
Stablecoins represent a unique category within the realm of cryptocurrencies.
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BlockchainBaron
Fri Nov 15 2024
Alternatively, it could be a commodity like gold or another financial instrument.
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CryptoGladiatorGuard
Fri Nov 15 2024
They are designed with the primary objective of maintaining a stable value.
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