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Coinbase Urges Creation of Stablecoins That Preserve Purchasing Power Amid Dispute with SEC

The US-based crypto exchange Coinbase is calling on developers to create a new and inflation-proof stablecoin for its own blockchain.

It said such coins would offer users with stable purchasing power, while also giving them “resiliency from the economic uncertainty caused by the legacy financial system.”

Coinbase added that it also welcomes other forms of so-called flatcoins that are not pegged to a fiat currency like the US dollar. 

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