Coinbase Launches USDC-Backed Stablecoin with Flipcash

Coinbase has expanded its infrastructure business by launching USDF, a Solana-based stablecoin backed 1:1 by Circle’s USDC. Introduced via the Flipcash platform, USDF serves as the primary settlement asset for companies launching branded digital currencies. This initiative leverages Coinbase’s white-label service, which provides businesses with fiat on-ramps, wallet services, and reserve management, allowing them to issue digital dollar products without handling complex blockchain infrastructure. This development reflects a broader market trend where infrastructure providers like Coinbase, Stripe, and others are enabling enterprises to integrate stablecoin technology into their payment and remittance networks.

(Source：Cointelegraph)