Leading cryptocurrency exchange Coinbase has just announced Coinbase Custom Stablecoins, which will likely transform how companies handle digital payments.
Coinbase hopes to let businesses create their very own branded stablecoin, including their logo and identity right at the heart of every transaction.
What should you know about Coinbase Custom Stablecoins?
As announced in a recent post on X from Coinbase’s official account, Coinbase stablecoins are ideal for enterprises looking to integrate stable digital assets into their operations.
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Coinbase stablecoins are backed 1:1 by high-quality collateral, including reserves like USDC and other USD-pegged assets.
Coinbase Custom Stablecoins will also work interoperably across multiple blockchains. This essentially means these can move effortlessly between networks without the usual friction.
This launch can be attributed to Coinbase’s broader push at its recent System Update event, where the company highlighted tools for developers and businesses centered on payments and stablecoins.
