Coinbase L2 Network Eyes Inflation-Pegged Stablecoins

Coinbase developers are working towards building a new form of decentralized stablecoins that tracks the rate of inflation called Flatcoins on its newly launched layer-2 network Base. These asset classes, in contrast to typical stablecoins, are anchored to the cost of living rather than being linked to real-world assets like fiat currencies, which enables them […]

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Coinbase wants devs to build inflation-pegged ‘flatcoins’ on its new ‘Base’ network

Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base. The other three include an on-chain reputation system, an on-chain limit order book (LOB) exchange, and tools that make the decentralized finance (DeFi) ecosystem safer.  The trading platform outlined the four areas [...]

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Launch of the First Stablecoin Associated with the Cost of Living

Flatcoin Noun tracks the cost of living and its value is based on daily US inflation data.

Continue reading Launch of the First Stablecoin Associated with the Cost of Living at DailyCoin.com.

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Flatcoiners should take a cue from TerraUSD’s fate

The post-COVID-19 era has brought the issue of inflation to the forefront, leading to increasing interest within the Web3 space for creating flatcoins, a close “cousin” of stablecoins designed to mitigate inflation risk. Many existing flatcoins, like Terra’s TerraUSD (UST) stablecoin, are algorithmically backed and therefore serve as a stark reminder of the risks associated [...]

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