A stablecoin feature has been deployed to roughly a quarter of users and is expected to reach the entire user base by the end of the week, according to a person familiar with the matter who spoke to CoinDesk.
Phased Rollout Underway
The feature is currently live for about 25% of users, with full availability targeted before week’s end, the person said. Staggered releases are common for high-traffic financial tools, allowing developers to monitor performance and address any issues before broad deployment.
Why It Matters
Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to fiat currencies such as the U.S. dollar. Integrating stablecoin functionality can streamline payments, remittances, and trading, potentially expanding access to faster, lower-cost digital transactions.
What’s Still Unclear
- Which stablecoins will be supported
- Geographic availability and any regional restrictions
- Transaction limits, fees, and compliance requirements
- Whether additional crypto features will follow the rollout
Further details were not disclosed.