Coindesk Logo

Coinbase Adds DAI as First Stablecoin in Crypto Exchange's Earn Program

Coinbase Adds DAI as First Stablecoin in Crypto Exchange's Earn Program

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.

Fresh on the heels of the addition of EOS, Coinbase is adding ethereum stablecoin DAI to its Earn program.

Fresh on the heels of the addition of EOS, Coinbase is adding ethereum stablecoin DAI to its Earn program.

AccessTimeIconJun 10, 2019, 5:25 PM
Updated Aug 18, 2021, 1:13 PM

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

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.

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

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.