Coinbase powers Flipcash’s USDF stablecoin through Custom Stablecoin platform

Coinbase is powering Flipcash’s new USDF stablecoin through its Custom Stablecoin platform, expanding its infrastructure push into branded digital dollars.

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

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— Coinbase Developer Platform🛡️ (@CoinbaseDev) May 20, 2026

USDF is a USD stablecoin issued on Solana and fully backed by $USDC. The asset will serve as the settlement layer for Flipcash, a community currency app that lets users create fixed supply digital currencies and use them as cash.

Each currency created on Flipcash is priced and settled in USDF, giving users a stable unit for buying, selling, and using community-based currencies. The structure is designed to make digital cash creation more accessible without requiring users or businesses to manage the underlying stablecoin infrastructure themselves.

Coinbase’s Custom Stablecoin platform allows businesses to launch branded stablecoins issued by Coinbase and backed one-to-one by $USDC and other dollar stablecoins. Coinbase handles issuance, backing, settlement, and onramps, while partners focus on building their own products.

Flipcash said it built USDF with Coinbase because the platform offered transparent $USDC backing, rewards that scale with circulating supply, fiat onramps through Coinbase Onramp, and the infrastructure reliability of Coinbase’s crypto platform.

The launch expands Coinbase’s stablecoin infrastructure push as more companies look to issue branded digital dollars for payments, settlement, and app-specific ecosystems. For Flipcash, USDF gives its community currency model a stable base layer, allowing users to create currencies while keeping settlement tied to $USDC backed liquidity.