Coinbase Launches 'Base' Network for Inflation-Pegged Stablecoins.

Coinbase has identified four areas of innovation that should be built on its recently launched layer-2 network Base, including an inflation-pegged stablecoin that tracks the rate of inflation, an on-chain reputation system, an on-chain limit order book exchange, and tools that make the decentralized finance (DeFi) ecosystem safer. Coinbase has launched its Base Ecosystem Fund to help fund early-stage projects building on Base, which now supports over 30 blockchains.