Coinbase Plans To Offer Stablecoin Pegged To Canadian Dollar

That’s right! According to the information, Coinbase, the leading cryptocurrency exchange, has plans to expand its global presence via a new stablecoin pegged to the Canadian dollar. This new coin will follow the same approach as their existing USD Coin (USDC), which maintains a stable value related to the dollar. This enables users to transact and store value without significant exposure to the volatile price fluctuations associated with most cryptocurrencies.

This move signifies the exchange’s intention to gain a foothold in the growing Canadian