influencers and executives like Brian Armstrong, former Coinbase CTO Balaji Srinivasan and Ethereum creator Vitalik Buterin have held discussions on the concept on X. The idea is to peg a stablecoin asset in such a way that it maintains its purchasing power over a long period of time.Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money.
To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar , with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase CEO Brian Armstrong says it would help if Gary Gensler was no longer SEC ChairCoinbase CEO Brian Armstrong and Chief Legal Officer Paul Grewal are both optimistic on the dismissal of the Securities & Exchange Commission’s (SEC)
Source: FXStreetNews - 🏆 14. / 72 Read more »
Coinbase Advanced’s Moheeth Alvi sees pro traders as next wave of crypto usersHashing It Out host Elisha Owusu Akyaw hosts Moheeth Alvi, group product manager at Coinbase Advanced, for an in-depth discussion about pro traders in the cryptocurrency space.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Coinbase Ventures' Base Ecosystem Fund invests in six projectsCoinbase Ventures allocated an initial round of investments from the Base Ecosystem Fund into six projects.
Source: TheBlock__ - 🏆 464. / 53 Read more »
6 Initial Investments Made by Coinbase Ventures' Base Ecosystem FundThe Base Ecosystem Fund has received more than 800 funding applications.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Whales Sell 43,000 ETH on Coinbase, While 'Smart Money' Bought ETH on Dip This WeekHeavy ETH transfers land on Coinbase exchange one after other
Source: Utoday_en - 🏆 295. / 63 Read more »
Bitcoin Spark (BTC) and These Cryptocurrencies Poised to Benefit From Coinbase's Institutional Lending ServiceCoinbase, the leading digital currency exchange, has rolled out lending services to its prime institutional investors. The organization suggests that the
Source: Crypto_Potato - 🏆 568. / 51 Read more »