Coinbase is testing Flipcash’s in-development stablecoin, USDF, on its backend as a part of a brand new function that may permit companies to create their very own branded, dollar-backed tokens.
The “Coinbase Customized Stablecoins” function, launched in December, will let companies earn rewards on exercise and permit them to maneuver funds seamlessly between Coinbase-supported chains, with the tokens to be collateralized by Circle’s USDC (USDC).
“A brand new Coinbase Customized Stablecoin, USDF, has been enabled on Coinbase Change for operational testing,” Coinbase posted to X on Tuesday, including:
“It is a backend take a look at part solely. Buying and selling, deposits, and withdrawals are at the moment unavailable. Keep tuned for extra updates.”
Customized stablecoins can provide companies extra flexibility throughout the whole lot from payroll and business-to-business funds to cross-border transactions and treasury administration.
Flipcash is behind the USDF stablecoin
The stablecoin in testing, USDF, is being created by crypto infrastructure platform Flipcash and is anticipated to be obtainable in early 2026.
When launched, USDF would be the main stablecoin on the Flipcash app.
Solana-focused self-custody pockets Solflare and decentralized finance platform R2 are additionally working with Coinbase to launch custom-made stablecoin options of their very own.
Introducing Coinbase Customized Stablecoins.
Create a branded stablecoin for your corporation, backed 1:1 by collateral custodied by Coinbase.
→ Earn rewards on exercise
→ Seamless interoperability throughout chains
→ Faucet into Coinbase’s international distribution pic.twitter.com/DJ3Wcq4Zhn— Coinbase 🛡️ (@coinbase) December 17, 2025
Coinbase’s stablecoin enterprise at the moment leans on its partnership with stablecoin issuer Circle, by way of which it lists USDC and earns curiosity and charges.
Stablecoins key to Coinbase’s enterprise mannequin
Coinbase introduced in practically $247 million in stablecoin income within the fourth quarter and has been pushing US senators to make sure stablecoin rewards aren’t restricted by incoming crypto market construction laws.
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The stablecoin market at the moment sits at $312.6 billion, with the US Treasury estimating in April that it will attain $2 trillion by 2028.
Bloomberg predicted earlier this month that stablecoin fee flows would improve at a compound annual development fee of 81% to $56.6 trillion by way of to 2030.
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