Coinbase and Flipcash today announced the launch of USDF, created with Coinbase’s Custom Stablecoin platform.

USDF is a USD stablecoin issued on Solana and fully backed by USDC. This collaboration is a step forward in making stablecoin issuance more accessible.

USDF is fully backed by USDC. On Flipcash, anyone can create a fixed-supply currency and use it as digital cash. Each currency is priced and settled in USDF, giving users a simple, dependable way to buy a currency and use it just like cash.

Coinbase’s custom stablecoin offering provides partners like Flipcash a direct path into the stablecoin market. Coinbase’s platform empowers businesses to create their own branded stablecoin – issued by Coinbase and backed 1:1 by USDC and other USD-stablecoins – without the need to develop the complex underlying blockchain architecture themselves.

Any business can now launch a branded stablecoin without building the underlying infrastructure themselves.