Coinbase Expands Branded Stablecoin Infrastructure with USDF Launch

Coinbase has expanded its branded stablecoin infrastructure business with the launch of USDF, a Solana-based stablecoin fully backed by USDC. This new stablecoin allows Flipcash to use a single dollar asset for its user-created currencies, giving it a competitive edge in the market.

The launch of USDF is part of Coinbase's effort to make stablecoin issuance easier for businesses. Through its Custom Stablecoin platform, companies can now issue branded digital dollars without building their own blockchain, reserve, and settlement systems.

USDF will be used as a settlement asset within Flipcash's app, where users can create fixed-supply digital currencies. Each currency on the platform will be priced and settled in USDF, giving Flipcash a scalable solution for its users.