Coinbase Commerce, the US crypto exchange's platform for merchants, has just added DAI as a payment option.
Merchants using the Coinbase Commerce platform can now accept payments with the stablecoin DAI, MakerDAO announced on Thursday.
Coinbase Commerce is a free merchant payment platform developed by Coinbase that allows its users to receive crypto payments.
According to MakerDAO:
"This integration opens some of the web’s biggest shops, including those on Shopify and WooCommerce, to Decentralized Finance (DeFi) users and others who want to transact securely using a decentralized stablecoin as a payment method. In turn, it introduces merchants to a growing segment of the cryptocurrency market."
The US crypto trading platform added the stablecoin DAI to its exchange back in May 2019. Since then, its users can buy, sell, convert, send, receive or store the stablecoin on the platform.
After integrating DAI on Coinbase Commerce, the platform now supports two stablecoins, as it previously only supported USDC.
Only a few days ago iHodl reported Coinbase Pro had started offering margin trading to its users.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.