Coinbase launched the USDF stablecoin on Solana. The initiative is part of the crypto exchange’s strategy to simplify companies’ entry into the stablecoin market by providing ready-made infrastructure for issuing corporate stablecoins.
Crypto exchange Coinbase, in collaboration with Flipcash, a platform for creating and using custom fixed-supply digital currencies, announced the launch of USDF, a dollar-pegged stablecoin issued on the Solana network and fully backed by USDC.
The project was built using the Coinbase Custom Stablecoin platform. The solution allows companies to launch their own stablecoins without having to independently develop blockchain infrastructure, manage reserves, or maintain smart contracts.
The platform provides:
- token issuance;
- reserve custody;
- on-chain operations.
Integration with fiat gateways is handled through Coinbase Onramp. This allows client companies to focus on their products, distribution, and the development of their own ecosystems.
USDF will serve as the primary settlement unit within the Flipcash ecosystem, which enables the creation of fixed-supply digital assets. All cryptocurrencies issued through the platform will be priced and serviced via USDF, aiming to simplify the use of digital assets as payment instruments.
The growing popularity of services for issuing corporate stablecoins. For example, similar solutions were launched in late 2025 by MoonPay in partnership with M0 and by Stripe in collaboration with Bridge.
