Stablecoin

Token

Create

Solana

<p><a href="https://x.com/Flipcash" rel="noopener noreferrer nofollow">@Flipcash</a> has officially launched <a href="https://x.com/search?q=%24USDF&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$USDF</a>, a new branded stablecoin built on the <a href="https://x.com/Coinbase" rel="noopener noreferrer nofollow">@Coinbase</a> Custom Stablecoin platform and deployed on the <a href="https://x.com/Solana" rel="noopener noreferrer nofollow">@Solana</a> network. The token is designed to power Flipcash's community currencies and broader ecosystem, marking one of the first live deployments under Coinbase's stablecoin-as-a-service offering.</p>
<h2 id="how-the-token-works">How the Token Works</h2>
<p><a href="https://x.com/search?q=%24USDF&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$USDF</a> is backed 1:1 by <a href="https://x.com/search?q=%24USDC&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$USDC</a>, with reserves held in custody by Coinbase. By building on the Custom Stablecoin platform, Flipcash offloads the operational complexity of running a stablecoin to a regulated provider. <cite>The platform handles the smart contract, security, and chain management, while also giving issuers a customizable brand identity and access to Coinbase's global user base.</cite> Flipcash retains its own branding and controls the product experience, including how the token is used within its app.</p>
<p><cite>Issuers also benefit from built-in interoperability with <a href="https://x.com/search?q=%24USDC&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$USDC</a> and other Coinbase Custom Stablecoins, with no fees on 1:1 swaps, plus the ability to earn revenue based on the total circulating supply of their stablecoin, accrued daily and paid out weekly.</cite></p>
<h2 id="a-growing-platform-with-broader-ambitions">A Growing Platform with Broader Ambitions</h2>
<p><cite>Coinbase has named Flipcash, Solflare, and R2 as partners exploring the launch of Custom Stablecoins for their customers.</cite> The move signals that the exchange is positioning itself as a backend infrastructure layer for the next wave of branded digital dollars, rather than simply distributing third-party tokens.</p>
<p><cite>Coinbase notes that stablecoins powered $9 trillion in adjusted annual transaction volume in 2025, and frames its Custom Stablecoins offering as a way for businesses to move beyond renting third-party stablecoin liquidity and create their own branded assets without building infrastructure from scratch.</cite></p>
<p>For Flipcash, the launch means <a href="https://x.com/search?q=%24USDF&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$USDF</a> becomes the native currency underpinning its platform on Solana, with issuance, settlement, and on-ramp management handled end-to-end by Coinbase's regulated infrastructure.</p>
<p><strong>Sources:</strong><br><a href="https://www.coinbase.com/blog/create-your-own-stablecoin-with-coinbase" rel="noopener noreferrer nofollow">Coinbase: Create your own stablecoin with Coinbase</a><br><a href="https://cryptonews.com/news/coinbase-experiments-with-flipcashs-usdf-as-it-rolls-out-custom-stablecoins/" rel="noopener noreferrer nofollow">CryptoNews: Coinbase Experiments With Flipcash's USDF as It Rolls Out Custom Stablecoins</a><br><a href="https://www.pymnts.com/blockchain/2025/coinbase-launches-stablecoin-as-a-service-to-help-businesses-create-their-own-tokens/" rel="noopener noreferrer nofollow">PYMNTS: Coinbase Launches Stablecoin-as-a-Service</a></p>

Flipcash Just Leveraged @Coinbase to Launch its own USDC-Backed Stablecoin on Solana

Table of Contents

BSCN

Other articles published on May 21, 2026

Join our free newsletter for daily crypto updates!