Coinbase, a cryptocurrency exchange and blockchain infrastructure provider, and Flipcash, a community-focused digital currency platform, announced the launch of $USDF, a new stablecoin built using Coinbase’s Custom Stablecoin platform.
$USDF is a dollar-backed stablecoin issued on the Solana blockchain and fully backed by $USDC reserves. The project is designed to make stablecoin creation more accessible and provide businesses and communities with a simpler way to build branded digital currencies without developing blockchain infrastructure from scratch.
Inside the Flipcash ecosystem, users can create fixed-supply digital currencies and use them as a form of digital cash. Each of these currencies is priced and settled in $USDF, creating a unified payment and transaction layer for the platform. The model is intended to give users a stable asset for buying, holding, and transferring value.
Coinbase’s Custom Stablecoin platform provides companies with a framework to issue their own branded stablecoins while using Coinbase’s infrastructure. The system includes 1:1 backing through $USDC and other dollar-based stable assets, along with support for fiat on-ramps and payment functions.
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