- Coinbase drops its “under consideration” list, shifting to only announcing confirmed listings for greater transparency and certainty.
- Reserve Rights (RSR) joins Coinbase’s Base blockchain, aiming to boost stablecoins with overcollateralization and governance features.
- QCAD, a CAD-pegged stablecoin, ensures stability through regulated financial backing, while CLANKER sees a price drop ahead of its listing.
Coinbase has removed its “under consideration” list, shifting to a new strategy. Now, it only announces assets officially set for listing. This move enhances transparency and eliminates uncertainty for investors. Notably, Coinbase has added Reserve Rights (RSR), QCAD, and CLANKER to its roadmap. This decision signals a strong commitment to streamlining its listing process.
Reserve Rights (RSR) Gains New Exposure
RSR is already listed on Binance and Upbit. Now, it is set to launch on Base, Coinbase’s layer-2 blockchain. Base enhances Ethereum’s scalability through efficient transaction processing. This listing may increase RSR’s exposure and liquidity. The Reserve Rights project aims to fortify stablecoins, known as RTokens, through an overcollateralization strategy. Additionally, it integrates governance, allowing token holders to stake and vote on protocol changes.
Launched before 2020, RSR once reached a record high during the 2021 bull run. However, its price has dropped by 94% since then. Presently, its market cap stands at $357 million. At its peak last April, RSR’s market cap was approximately $1.4 billion. Consequently, the Coinbase listing might help revitalize investor interest in the token.
QCAD: Canada’s Stable Digital Currency
QCAD is a stablecoin designed to mirror the Canadian dollar. It maintains a 1:1 value ratio with CAD, ensuring minimal volatility. Revenue generation comes from interest earned on CAD deposits. These deposits are safeguarded by a regulated financial institution and managed by a digital asset custodian in Canada. Moreover, independent accounting firms periodically verify deposit accounts to ensure transparency. This ensures QCAD’s stability and credibility within the digital asset space.
Meanwhile, CLANKER, or tokenbot, has faced recent price declines. The price of the token has dropped 11.74% in the last day, to $33.55. $6.85 million is its 24-hour trading volume. The Coinbase listing may increase visibility and acceptance even in the face of market turmoil.
