Introducing DAI, the first stablecoin on Coinbase Card

By JD Millwood, Head of Growth Marketing

Today, we launched full support for DAI — the first stablecoin available on Coinbase Card.

Paying with a stablecoin brings something new to the Coinbase Card experience and using a cryptocurrency with stable purchasing power gives more opportunity and choice to customers.

For customers wanting to spend crypto with less volatility, DAI could be the answer. DAI aims to always be worth one US Dollar, which offers more certainty to customers when picking up last-minute Christmas gifts, rounds of mulled wine for the office, and beyond.

This update means more than one new asset to spend; it represents a small step on our big journey to make crypto accessible to all, through alternative payment options that suit our diverse customer base.

To get started with Coinbase Card, download the iOS or Android app today and sign in using your Coinbase account. Once a Coinbase Card has been requested, customers will receive their contactless Coinbase Card in the mail.

Keep up to date by following us on Twitter @CoinbaseCard, or learn more by visiting coinbase.com/card

Coinbase Card is issued by Paysafe Financial Services Limited. Paysafe Financial Services Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011(FRN: 900015) for the issuing of electronic money and payment instruments.

Introducing DAI, the first stablecoin on Coinbase Card was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.