Coinbase Experiments With Flipcash’s USDF as It Rolls Out Customized Stablecoins

Coinbase has begun backend testing of Flipcash’s in-development stablecoin, USDF, as a part of a broader push to let companies difficulty their very own branded, dollar-backed tokens by means of its platform.

Key Takeaways:

• Coinbase is internally testing Flipcash’s USDF beneath its Customized Stablecoins program.
• The characteristic lets companies difficulty USDC-backed tokens for funds and treasury use.
• Stablecoins stay a serious income driver for Coinbase.

The check is tied to Coinbase Customized Stablecoins, a characteristic launched in December that permits corporations to create proprietary stablecoins collateralized by Circle’s USDC.

This system is designed to let companies earn rewards tied to token exercise whereas shifting funds throughout Coinbase-supported blockchains with out friction.

Coinbase Begins Inside Testing of USDF Customized Stablecoin

“A brand new Coinbase Customized Stablecoin, USDF, has been enabled on Coinbase Trade for operational testing,” the corporate stated in a submit on X on Tuesday.

Coinbase harassed that the rollout is restricted to inside testing, with buying and selling, deposits and withdrawals presently disabled.

Customized stablecoins are being pitched as instruments that give corporations larger management over funds and treasury operations.

Potential use instances embrace payroll, business-to-business settlements, cross-border transfers and inside liquidity administration, areas the place conventional banking rails may be gradual or expensive.

The USDF stablecoin is being developed by crypto infrastructure agency Flipcash and is anticipated to launch publicly in early 2026.

As soon as stay, USDF is ready to turn out to be the first stablecoin used inside the Flipcash app, in line with folks acquainted with the mission.

Flipcash isn’t the one agency working with Coinbase on customized stablecoins.

Solana-based self-custody pockets Solflare and decentralized finance platform R2 are additionally collaborating with the trade to develop branded stablecoin merchandise utilizing the identical framework.

Coinbase’s push comes as stablecoins proceed to play a central position in its enterprise mannequin.

The trade maintains an in depth partnership with Circle, the issuer of USDC, which stays probably the most extensively used dollar-pegged tokens within the crypto market.

By means of that relationship, Coinbase earns a share of curiosity earnings and costs tied to USDC utilization.

Stablecoins have turn out to be a major income driver for the corporate. Coinbase reported almost $247 million in stablecoin-related income within the fourth quarter, underscoring how intently its monetary efficiency is tied to the expansion of dollar-backed tokens.

Stablecoin Transactions Hit $33 Trillion in 2025 as USDC Leads Utilization

International stablecoin transaction worth reached $33 trillion in 2025, marking a 72% enhance from the earlier yr, in line with Bloomberg knowledge compiled by Artemis Analytics.

USDC emerged because the most-used stablecoin by transaction quantity, processing $18.3 trillion, whereas Tether’s USDT dealt with $13.3 trillion, regardless of sustaining its lead by market capitalization at $187 billion.

The surge in exercise adopted the passage of the GENIUS Act in July 2025, the primary complete U.S. regulatory framework for fee stablecoins.

Business individuals say the laws has offered authorized certainty that inspired broader institutional and world adoption.

As reported, stablecoin utilization on fintech platform Revolut additionally accelerated sharply in 2025, with fee volumes estimated to have climbed 156% yr over yr to roughly $10.5 billion, as digital {dollars} acquire floor in on a regular basis funds.

The submit Coinbase Experiments With Flipcash’s USDF as It Rolls Out Customized Stablecoins appeared first on Cryptonews.