Coinbase powers USDF: Flipcash’s Custom Stablecoin
Tl;dr: Coinbase and Flipcash announced the launch of USDF, created with Coinbase’s Custom Stablecoin platform. USDF is a USD stablecoin issued on Solana and fully backed by USDC. This collaboration is a step forward in making stablecoin issuance more accessible.
Today Coinbase and Flipcash announced the launch of USDF, created with Coinbase’s Custom Stablecoin platform. This collaboration is a step forward in making stablecoin issuance more accessible, combining Flipcash’s innovative community currency platform with Coinbase’s secure, institutional-grade infrastructure.
About USDF
USDF is a USD stablecoin issued on Solana and fully backed by USDC. On Flipcash, anyone can create a fixed-supply currency and use it as digital cash. Each currency is priced and settled in USDF, giving users a simple, dependable way to buy a currency and use it just like cash.
Powered by Coinbase Custom Stablecoins
Coinbase’s custom stablecoin offering provides partners like Flipcash a direct path into the stablecoin market. Coinbase’s platform empowers businesses to create their own branded stablecoin – issued by Coinbase and backed 1:1 by USDC and other USD-stablecoins – without the need to develop the complex underlying blockchain architecture themselves.
Flipcash built USDF with Coinbase because it was the only platform that gave them everything they needed. They wanted their own branded stablecoin with transparent 1:1 USDC backing, USDC rewards that scale with circulating supply, simple fiat onramps for users through Coinbase Onramp, and the reliability and scale that comes from Coinbase's twelve years of building crypto infrastructure.
Get started
Any business can now launch a branded stablecoin without building the underlying infrastructure themselves. If you’re looking to create your own Custom Stablecoin with Coinbase, reach out to our team.
Get in touch or visit our custom stablecoin page to learn more.
