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.

AccessTimeIconJun 10, 2019 at 5:25 p.m. UTC
Updated Sep 13, 2021 at 9:17 a.m. UTC

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

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