What is a stablecoin in crypto?

A stablecoin is a type of cryptocurrency that relies on a more stable asset as a basis for its value . Most commonly, people refer to stablecoins as linked to a fiat currency, such as the U.S. dollar, but they can also have value linked to precious metals or other cryptocurrencies.

Read more

Does Coinbase have a stablecoin?

USD Coin (USDC) is a stablecoin redeemable on a 1:1 basis for US dollars , backed by dollar denominated assets held in segregated accounts with US regulated financial institutions. The launch of USDC was powered by a collaboration between Coinbase and Circle through the co-founding of the CENTRE Consortium.

Read more