Coinbase Expands Stablecoin Infrastructure with USDF Launch

Coinbase has further expanded its stablecoin infrastructure with the launch of the USDF (United States Dollar Fund) stablecoin on Solana. The USDF stablecoin is fully backed by USDC and allows Flipcash to have a secure settlement asset within its app.

According to Coinbase, the Custom Stablecoin platform enables businesses to issue their own branded digital dollars without building the underlying infrastructure themselves. This includes managing issuance, reserves, smart contracts, and onchain operations.

The use of USDF by Flipcash is particularly significant as it allows users to create fixed-supply digital currencies priced and settled in a single dollar asset. The launch of USDF also adds another example of Coinbase's stablecoin infrastructure strategy, which aims to make branded digital dollars more accessible for consumer apps, payments, and settlement.