Coinbase Expands Stablecoin Infrastructure with Launch of USDF

Coinbase has expanded its stablecoin infrastructure push with the launch of the USDF, a USD-backed digital currency issued on the Solana blockchain. The USDF is designed to serve as a settlement layer for Flipcash's community currency app, allowing users to create fixed supply digital currencies and use them as cash.

The USDF is fully backed by $USDC and will provide a stable base layer for Flipcash's ecosystem. This partnership allows users to create and manage their own community-based currencies, while keeping settlement tied to the reliable and transparent infrastructure of Coinbase.