American exchange Coinbase announced yesterday, December 17, new targeted tools that will enable the creation and issuance of stablecoins for companies and brands under its technology infrastructure. This is part of a comprehensive platform update.
The core proposition of this service is: We provide a seamless issuance solution that allows issuers to integrate their corporate identity into each transaction. Coinbase’s head of infrastructure products Alec Lovett said it will run within the network.
These branded stablecoins are backed by collateral on a 1:1 basis and are held directly by Coinbase to ensure parity.
A fundamental element of this system is that assets are backed by the USDC stablecoin. In addition to storage, exchange Promises that organizations can generate rewards for activities generated with digital assetsleverage infrastructure economics to maximize balance sheet performance.
Interoperability between different networks is another pillar of this launch, making it easier for stablecoins to circulate fluidly across different blockchains.
Coinbase will make its global distribution network available to clients to expand the use of these new assets. Currently, partners include Solflare wallet, Flipcash payment app, and R2 financial services platform. We are working on implementing our own custom stablecoinwhich is expected to hit the market in the coming months.
As reported by CriptoNoticias, the exchange will also offer access to hundreds of stocks and exchange-traded funds (ETFs), collaborate with Karsi to integrate prediction markets, and tools designed for real-world asset management (RWA) will also be available soon.
(Tag to translate) Coinbase
