Coinbase Expands Global Reach: Lists Two Non-Dollar Stablecoins to Revolutionize Local Onboarding

Coinbase shatters dollar dominance with strategic stablecoin expansion.

Breaking Down the Borderless Strategy

The exchange just added two non-USD stablecoins to its roster—a clear move to capture international markets where dollar-pegged assets face regulatory friction or user skepticism. This isn't just listing new tokens; it's building bridges to millions of unbanked users worldwide.

Local Onboarding, Global Impact

By supporting stablecoins tied to other currencies, Coinbase bypasses traditional banking bottlenecks. Think faster deposits, lower fees, and seamless fiat conversions for users in emerging economies. The platform effectively becomes a local exchange everywhere at once.

Market Mechanics Shift

Traders gain instant exposure to alternative currency corridors without touching volatile forex markets. Arbitrage opportunities explode while liquidity fragments across new trading pairs—classic Coinbase, creating markets where none existed.

Because apparently the future of finance needs more than one reserve currency—who knew?

Coinbase’s Stablecoin Experiment

Coinbase has been expanding its business interests in recent months, making new AI advances and offering products with deeper TradFi integration.

Part of that expansion has involved novel stablecoin features, and Coinbase is continuing the trend with two new asset listings.

Coinbase is listing two new local stablecoins:

🇦🇺 AUDD
🇸🇬 XSGD

Local stablecoins will drive local crypto business growth and help to onboard many more new people to crypto. pic.twitter.com/ZFDX1y4A5O

Although dollar-based stablecoins have a huge international presence, assets based on other fiat currencies are growing in prominence too. AUDD is based on the Australian dollar, while XGSD is based on Singapore’s currency.

By listing these stablecoins based on two local currencies, Coinbase hopes to anticipate a broader trend.

Specifically, the firm’s press release details a coherent expansion strategy. It claims that these stablecoins are “integral to Coinbase’s mission” of onboarding new users, and that catering to local markets can encourage new adoption.

Local Currency Stablecoins: An Untapped Market?

Apparently, Coinbase also contracted Ipsos, a respected polling firm, to assess consumer sentiment about these stablecoins. In Singapore and Australia, 70% of crypto-owning survey respondents claimed that they’d be interested in a local currency stablecoin.

Both Singapore and Australia are important sectors for stablecoin expansion, and Coinbase has already established partnerships in the latter nation. Starting today, Coinbase users in these countries will be able to seamlessly exchange local currencies for these new assets.

AUDD and XGSD are both fully backed by fiat collateral, intended for use by institutional clients and retail traders alike. XGSD has already complied in advance with Singapore’s Single Currency Stablecoin regulatory framework, even though it hasn’t been implemented yet.

As the stablecoin market explodes worldwide, Coinbase is conducting an important experiment. The survey data claims that customers are very interested in non-dollar stablecoins.

If these assets’ market performance matches these sentiments, it could trigger a boom in new local currency tokens.