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

@Flipcash has officially launched $USDF, a new branded stablecoin built on the @Coinbase Custom Stablecoin platform and deployed on the @Solana 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.

How the Token Works

$USDF is backed 1:1 by $USDC, 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. 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. Flipcash retains its own branding and controls the product experience, including how the token is used within its app.

Issuers also benefit from built-in interoperability with $USDC 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.

A Growing Platform with Broader Ambitions

Coinbase has named Flipcash, Solflare, and R2 as partners exploring the launch of Custom Stablecoins for their customers. 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.

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.

For Flipcash, the launch means $USDF 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.

Sources:
Coinbase: Create your own stablecoin with Coinbase
CryptoNews: Coinbase Experiments With Flipcash's USDF as It Rolls Out Custom Stablecoins
PYMNTS: Coinbase Launches Stablecoin-as-a-Service