Coinbase explores creating an inflation-pegged stablecoin by tracking inflation data
Join Our Telegram channel to stay up to date on breaking news coverage Coinbase suggests inflation - pegged “flatcoins” as one of four key areas of innovations to be built on Layer 2 Basenetwork. What: Coinbase is calling for developers to work on a flatcoin that will be pegged to the ‘price of living’ instead of fiat. Why : The exchange lists this and three other ideas as ways to help the on-chain economy grow. What Next: The ideas which will be built on Base aim at securing DeFi ecosystems and increasing confidence and trust in on-chain trade. About a month after launching Base, Coinbase, one of the leading crypto exchanges, plans on developing a “flatcoin” as one of the major ideas for the Ethereum Layer 2 network. A flatcoin is a stablecoin that is pegged to the rate of inflation in the traditional financial system and is viewed by the companies that dev...