Move over Libra, DAI stablecoin comes to Coinbase's debit Card

If you're not yet familiar with the concept of stablecoins, better get up to speed, because this special type of cryptocurrency will become very important very soon. 

Case in point: Crypto exchange Coinbase has just added support for DAI stablecoin to its Coinbase Card. 

Launched in June, the Coinbase Card is a cryptocurrency debit card that allows you to spend crypto directly from your Coinbase wallet. It supports nine other cryptocurrencies besides DAI — BTC, ETH, BCH, LTC, BAT, REP, XLM, XRP and ZRX — and is available all over Europe. 

The addition to the card is particularly interesting as it is the only stablecoin on the list, meaning its price closely follows the price of a real world asset. In this particular case, DAI is tied to the U.S. dollar, meaning that 1 DAI = 1 USD.  Read more...