Coinbase, the largest US cryptocurrency company, announced the addition of a stable DAI coin to its platform, as well as to mobile apps for iOS and Android.

DAI is now live at https://t.co/wHvnDs40HG and Android apps. Coinbase customers can buy, sell, convert, send, receive, or store DAI.

– Coinbase (@coinbase) May 23, 2019

According to a Coinbase statement, users of the company's services will be able to buy, sell, convert, trade and store DAI.

The new feature is available to all customers except residents of the state of New York. Apparently, the company is waiting for the approval of the authorities of the latter, as local regulators are known for their rather tough approach to the cryptoindustry.

Note, DAI is positioned as the first decentralized steblcoin on the Ethereum blockchain. Unlike other “stable coins”, DAI is supported by software on the MakerDAO platform, which in theory should stabilize its rate at $ 1. More information about the project can be found in the exclusive BlockchainJournal.

In addition, Coinbase reported that through the Coinbase Commerce service, which was launched in February 2018, transactions for more than $ 50 million have already been completed.

As the head of the division, Justin O'Brien, said, the platform is growing steadily and about ten thousand customers use it every month.