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Coinbase Calls for Efforts To Create Inflation-Proof Stablecoins

US crypto exchange Coinbase Global Inc. encouraged developers working on its new blockchain to focus on how to create stablecoins that track the rate of inflation to preserve purchasing power.

Coinbase said in a March 24 blog post that it’s particularly interested in these so-called “flatcoins,” adding that exploring the potential of stablecoins is “more important than ever” given the recent woes of the banking system.

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