Coinbase continues to expand its dominance of the U.S. market as it recently announced the upcoming rollout of the Coinbase Card for its U.S. clients. As part of the announcement, the exchange indicated that users can receive up to 4% cashback if they choose to receive their rewards in the form of Stellar Lumens (XLM) or 1% cashback if they choose Bitcoin.

The announcement also highlighted that users will be able to choose from a variety of their favorite cryptos to convert along with also being able to use Coinbase's USDC stablecoin to make purchases. Pointing out that USDC can be used while also offering a larger reward for accepting XLM points to a topic I discussed in a previous video being the possibility of stablecoins and a future digital dollar being hosted on top of the Stellar Lumens platform. The fact that it is the only other option as a reward besides Bitcoin hints at something larger brewing under the surface for me.

I also briefly discuss Ultra (UOS), which is having a green day on an otherwise red market, as well as Small Love Potion (SLP) which saw an increase of more than 40% on a day where even the traditional markets saw more than 3% losses.

Finally, AAVE announces that it has transferred governance rights over to token holders, helping move the project towards true decentralization.