Coinbase has launched a new stablecoin called USDF with Flipcash as it expands its services for businesses creating their own digital currencies.
The Solana-based stablecoin is backed 1:1 by USD Coin reserves and will be used as the settlement currency for digital assets on Flipcash’s platform.
Coinbase says this launch is part of its wider white-label stablecoin program started last year for companies that want blockchain payment systems without handling their own reserves or custody.
Flipcash said it chose Coinbase because the platform offers USDC-backed reserves, blockchain settlement tools, wallet services, and fiat payment integration in one system. This move shows how fast the stablecoin market is growing, now worth over $323 billion worldwide.
The launch also shows that more big financial and tech companies are entering the stablecoin sector. Companies like Stripe, Western Union, and PayPal have already started their own blockchain payment projects in recent years.
As competition grows, stablecoins are moving beyond crypto trading and are becoming key infrastructure for cross-border payments, settlements, and digital commerce.
USDF from @flipcash is live! 🚀
Built on @Coinbase’s Custom Stablecoin platform, USDF is a USDC-backed stablecoin on Solana that powers Flipcash’s ecosystem and community currencies. pic.twitter.com/uCGhvMdpq6
— Coinbase Developer Platform🛡️ (@CoinbaseDev) May 20, 2026
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