Coinbase and Coinbase Pro to Back New Multi-collateral DAI

Coinbase and Coinbase Pro to Back New Multi-collateral DAI

Coinbase has announced an upgrade from its current single-collateral DAI to a multi-collateral DAI stablecoin. In the new upgraded multi-collateral DAI, traders can use both the Ethereum and other ERC20 tokens to create DAI, whereas, the old single-collateral DAI version could use only the Ethereum tokens.