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29/01/26 01:21 UTC-04

Crypto exchange Coinbase is conducting internal testing of the USDF stablecoin

Crypto exchange Coinbase has begun internal testing of the USDF stablecoin, which is backed by the US dollar and developed by Flipcash, a company specializing in crypto infrastructure.

The testing is being conducted on Coinbase Exchange systems and does not support trading, deposits, or withdrawals.

The USDF stablecoin is part of Coinbase’s Custom Stablecoins platform, introduced in December, which allows companies to issue branded digital assets backed by USDC from Circle. The goal of the program is to help companies move funds across supported blockchains and earn rewards tied to token activity.

Coinbase stated that the current USDF testing is limited to internal verification, but broader functionality will be added at later stages. Public access to the asset is planned for early 2026. Flipcash plans to use USDF as the primary stablecoin in its application after the token launch.

Other companies are also collaborating with Coinbase to create their own fiat-pegged assets. These include the Solana-based crypto wallet Solflare and the decentralized finance platform R2. Custom stablecoins are typically positioned as tools for payments, intercompany settlements, cross-border transfers, and internal liquidity management.

See also: "Bitget announces the establishment of a European office and appoints a director"

#USDF #Coinbase

Editor: Alyona Nabok
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