Coinbase Adds MakerDao’s Dai Stablecoin

Coinbase announced the addition of the Dai stablecoin by MakerDao.

(Image from Coinbase)

Stablecoins have been popping up on exchanges due to increased popularity with users wanting to hold their digital assets in a cryptocurrency pegged to the US dollar.

Tether’s fiasco has shown that competition is good when it comes to having stablecoin options. The crypto community benefits from access to additional stablecoins, and Dai’s addition to the Coinbase’s crypto exchange is good news for the crypto space.

What are your thoughts on stablecoins, and which are you familiar with?