Coinbase launches customized stablecoin service, accessible through Coinbase's global distribution network

On Wednesday, Coinbase announced at a press conference the launch of a customized stablecoin service, allowing users' businesses to create branded stablecoins, hosted by Coinbase and backed 1:1 by collateralized assets. The advantages include:

1. Earning based on usage and trading activity;

2. Seamless interoperability across chains;

3. Access to Coinbase's global distribution network.