Coinbase’s Visa debit card adds support for DAI stablecoin

Cryptocurrency exchange Coinbase’s Visa debit card offering has added support for ethereum-based DAI stablecoin.

Announcing the news Friday, Coinbase Card said DAI is the first stablecoin added to its offering. The debit card, launched this April, allows customers in the UK and EU to spend their cryptocurrencies directly from their Coinbase accounts.

Just last month, Coinbase Card added support for four crypto assets - Brave browser’s basic attention token (BAT), Augur (REP), Stellar (XLM) and 0x (ZRX). It also supports bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC).

JD Millwood, head of marketing at Coinbase UK, recently said that the debit card offering “has helped tens of thousands of users spend their crypto as easily as the money in their bank accounts. With Christmas approaching, the demand for Coinbase Card will be will higher than ever.”

Last month, Coinbase Card also expanded its reach to ten new countries in Europe, bringing the total to 29. The newly supported countries are Bulgaria, Croatia, Denmark, Hungary, Iceland, Liechtenstein, Norway, Poland, Romania, and Sweden.

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Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.