Coinbase Stock

<ul><li>Most stablecoins are tied to the US dollar (USD) or another fiat currency.</li><li>The “price of living” may serve as a backing for Coinbase’s flatcoins.</li></ul>Companies have continued to develop despite widespread regulatory monitoring. A leading <a href="https://thenewscrypto.com/tag/cryptocurrency/" rel="noopener noreferrer nofollow">cryptocurrency</a> exchange, Coinbase, is investigating “flatcoins” on its Base network. Inflation-pegged stablecoins, or “flatcoins,” were recently disclosed by Coinbase to be necessary for development on the Base network. This is one of three important breakthroughs the company plans to implement on its layer-2 network.The new exchange activity is being seen as strange since most <a href="https://thenewscrypto.com/tag/stablecoin/" rel="noopener noreferrer nofollow">stablecoins</a> are tied to the US dollar (USD) or another fiat currency. The “price of living” may serve as a backing for Coinbase’s flatcoins. The CPI and other measures of inflation will be monitored to ensure this is the case.<h3 id="inflation-tracking-stablecoin">Inflation Tracking Stablecoin</h3>There was a lot of buzz around the debut of the Base network. The first phase of the layer-2 network is to issue a flatcoin tied to inflation. According to Coinbase, developing an inflation-tracking stablecoin that challenges central banks’ erroneous monetary policy choices is the need of the hour, in light of the present financial crisis.Coinbase elaborated:<blockquote>“[We] are particularly interested in ‘flatcoins’ — stablecoins that track the rate of inflation, enabling users to have stability in purchasing power while also having resiliency from the economic uncertainty caused by the legacy financial system.”</blockquote>In addition, since their value would be pegged to inflation, these holdings would be safe investments. Because of the uncertainty of the local currency, this feature is especially helpful in countries or jurisdictions with significant inflation rates.Developers are encouraged to create not just flatcoins, but also an on-chain reputation system and an on-chain limit order book (LOB) exchange. Tools to increase the safety of the <a href="https://thenewscrypto.com/tag/defi/" rel="noopener noreferrer nofollow">DeFi</a> environment have also been sought.

Coinbase To Develop Inflation-pegged Stablecoin Dubbed ‘Flatcoins’

Daftar Isi

TheNewsCrypto

Artikel lain yang dipublikasikan pada 27 Mar 2023

Ethereum’s Shapella moment: Making the most of liquid staking opportunities

Zise Wallet: A new Android Mobile Nexa Wallet

Hong Kong’s Crypto Firms Eyes Support From Chinese Banks

Binance Margin Takes NEBL off Cross Margin and Delists DCR, NEBL, XVG from Isolated Margin

Binance and CEO CZ facing regulatory action from CFTC, IRS and SEC

BTC Up 40% Since SVB Debacle, Crypto Daily TV 27/3/2023

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!