How does Coinbase utilize DAI in its platform?

3 answers

• Dec 29, 2021 · 3 years ago
  Coinbase utilizes DAI as a stablecoin on its platform, providing users with a stable and reliable cryptocurrency option. By incorporating DAI, Coinbase allows users to trade and store their assets without worrying about the volatility often associated with other cryptocurrencies. This stability makes DAI an attractive choice for users who want to minimize their exposure to price fluctuations while still participating in the cryptocurrency market.
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• Dec 29, 2021 · 3 years ago
  Coinbase's integration of DAI offers users the opportunity to earn interest on their DAI holdings through the Coinbase Earn program. This allows users to not only hold a stable cryptocurrency but also earn passive income on their assets. By utilizing DAI in this way, Coinbase provides its users with additional financial opportunities and incentives to engage with the platform.
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• Dec 29, 2021 · 3 years ago
  As a third-party exchange, BYDFi also supports the use of DAI on its platform. Similar to Coinbase, BYDFi users can trade, store, and earn interest on their DAI holdings. The integration of DAI on BYDFi expands the options available to users and provides them with a stable and versatile cryptocurrency to engage with.
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