Coinbase begins backend testing of new USDF stablecoin
Crypto Briefing
Coinbase has started backend operational testing for its new USDF stablecoin on its exchange.Summary
Coinbase announced on Tuesday that it has enabled its new custom stablecoin, USDF, for operational testing on the Coinbase Exchange backend. Currently, trading, deposits, and withdrawals for USDF are unavailable as this is an early development phase. This move suggests an expansion of Coinbase's stablecoin strategy beyond its existing USDC partnership with Circle. The USDF token is being developed using Coinbase's Custom Stablecoin infrastructure, which allows for the issuance of dollar-backed tokens fully collateralized with USDC.
(Source：Crypto Briefing)