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Coinbase Adds DAI as First Stablecoin in Crypto Exchange's Earn Program
Fresh on the heels of the addition of EOS, Coinbase is adding ethereum stablecoin DAI to its Earn program.
Coinbase is adding the ethereum stablecoin DAI to its Earn program.
It's the second addition to the crypto unicorn's education initiative this month, following the announcement of EOS support on June 1. Earn allows Coinbase users to receive crypto in exchange for watching videos and completing quizzes about various protocols.
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DAI becomes the first stablecoin to be added to Coinbase Earn, which already boasts EOS, XLM, ZEC, BAT and ZRX.
"Coinbase strives to be a trusted source where customers can educate themselves about new developments in crypto, and we’re excited to offer people a new opportunity to learn about and earn DAI," the company wrote in a Medium post Monday.
Coinbase says it plans to pay out more than $100 million worth of crypto through its Earn initiative. Coinbase users can receive up to $6 in DAI, or $2 for each lesson.
After losing its dollar peg earlier this year, DAI has righted the ship in recent weeks, largely maintaining a steady dollar valuation.
https://youtu.be/J9q8hkyy8oM
Coinbase image via Shutterstock
Zack Seward
Zack Seward is CoinDesk’s contributing editor-at-large. Up until July 2022, he served as CoinDesk’s deputy editor-in-chief. Prior to joining CoinDesk in November 2018, he was the editor-in-chief of Technical.ly, a news site focused on local tech communities on the U.S. East Coast. Before that, Seward worked as a reporter covering business and technology for a pair of NPR member stations, WHYY in Philadelphia and WXXI in Rochester, New York. Seward originally hails from San Francisco and went to college at the University of Chicago. He worked at the PBS NewsHour in Washington, D.C., before attending Columbia’s Graduate School of Journalism.
