Coinbase USDF Stablecoin Launches on Solana as Flipcash Settlement Asset

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Coinbase USDF stablecoin launched after Coinbase and Flipcash introduced USDF, a Solana-based stablecoin backed fully 1:1 by USDC through Coinbase’s Custom Stablecoin platform. The launch gives Flipcash a dedicated settlement asset for currencies created inside its app along with reserve support, onchain settlement, fiat access, and scalable USDC-linked rewards for users.

Coinbase stated that the platform is designed to help businesses issue branded digital dollars without building the full blockchain, reserve, and settlement system themselves. Flipcash said every currency created on its platform will now be priced and settled in USDF. The stablecoin will serve as the main dollar-denominated asset across the app where users create fixed-supply digital currencies for transactions and community use.

How Does Coinbase USDF Stablecoin Work Inside Flipcash?

Coinbase USDF stablecoin is being used as the settlement layer for currencies created within the Flipcash platform. Flipcash allows users to create fixed-supply digital currencies and use them as digital cash. Under the new structure, each currency inside the app will be priced and settled in USDF, giving users a stable asset for transactions across the platform.

Coinbase confirmed on May 20 that USDF was launched through its Custom Stablecoin platform. The token is issued on Solana and remains fully backed by USDC. Coinbase also stated that the stablecoin is redeemable 1:1 with USDC. The Coinbase Developer Platform described the launch as part of its effort to make stablecoin issuance more accessible for businesses.

Why Did Flipcash Choose Coinbase for the Launch?

Flipcash said Coinbase provided the services needed to support the consumer experience the company wanted to build. The company selected Coinbase for reserve management, onchain settlement infrastructure, fiat access through Coinbase Onramp, and scalable USDC-linked rewards for users.

Ted Livingston, founder and chief executive officer of Flipcash, stated that the company wanted its own branded stablecoin with transparent 1:1 USDC backing while also relying on Coinbase’s infrastructure and operational support. He added that Coinbase delivered the framework Flipcash needed without requiring the company to build the underlying infrastructure independently.

USDC-backed stablecoin — Coinbase USDF Stablecoin Launches on Solana as Flipcash Settlement Asset 5

What Does Coinbase’s Custom Stablecoin Platform Provide?

Coinbase’s Custom Stablecoin platform allows businesses to issue branded digital dollars backed 1:1 by USDC and other dollar-backed stablecoins. Coinbase stated that the platform manages issuance, reserves, smart contracts, and onchain operations. Businesses using the service can integrate stablecoins into payments, treasury operations, rewards programs, and decentralized finance applications.

The Coinbase USDF stablecoin launch is one example of how the platform is being used by companies seeking branded stablecoin systems without directly managing blockchain infrastructure and settlement operations. Coinbase also stated that custom stablecoins issued through the platform remain redeemable 1:1 with USDC.

How Does This Connect to Coinbase’s USDC Expansion?

Coinbase has continued expanding USDC-linked payment and settlement services through its infrastructure products. Previous company updates stated that Coinbase Business allows firms to issue branded USDC-backed stablecoins with support for issuance, custody, and compliance operations.

Separate developments involving payment provider Nium also integrated Coinbase infrastructure into USDC-based cross-border settlement services. The Coinbase USDF stablecoin launch adds another example of Coinbase’s infrastructure model tied to branded digital dollar systems.

What Does the USDF Launch Indicate for Stablecoin Use?

The Coinbase USDF stablecoin rollout indicates that some businesses are testing branded stablecoins for app-based payments and settlement systems. For Flipcash USDF provides the settlement asset for currencies created within its platform.

Crypto Payments — Coinbase USDF Stablecoin Launches on Solana as Flipcash Settlement Asset 6

The company stated that every currency inside the app will now be priced and settled in USDF. Coinbase stated that its infrastructure services are intended to simplify how businesses issue and manage branded stablecoins backed by USDC.

Conclusion

Coinbase USDF stablecoin gives Flipcash a USDC-backed settlement asset designed for pricing and settling currencies created inside its app. Flipcash stated that all currencies on the platform will now use USDF as the main settlement asset.

Coinbase said its Custom Stablecoin platform manages issuance, reserves, smart contracts, and onchain operations for businesses launching branded digital dollars. USDF is now active on Solana and remains redeemable 1:1 with USDC.