Are stablecoins on Coinbase backed by real assets?

3 answers

• Mogila228773May 14, 2023 · 3 years ago
  Yes, stablecoins listed on Coinbase are backed by real assets. Coinbase ensures that each stablecoin is fully collateralized with assets that match or exceed the value of the stablecoin in circulation. This provides stability and trust for users who hold and transact with these stablecoins.
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• Sakshi ShindeAug 05, 2023 · 3 years ago
  Absolutely! Coinbase takes the security and stability of its listed stablecoins very seriously. They have strict guidelines in place to ensure that each stablecoin is backed by real assets. This helps to maintain the value and reliability of these stablecoins in the cryptocurrency market.
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• Jacob AtakoraMar 16, 2023 · 3 years ago
  Yes, stablecoins listed on Coinbase are backed by real assets. Coinbase works with reputable custodians and auditors to verify the collateralization of each stablecoin. This ensures that there is transparency and accountability in the backing of these stablecoins. BYDFi, a leading digital asset exchange, also follows similar practices to ensure the stability and trustworthiness of the stablecoins listed on its platform.
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