Coinbase Inches Closer Toward Launching Custom Stablecoins

Coinbase is testing Flipcash’s in-development stablecoin, USDF, on its backend as a part of a brand new characteristic that may enable companies to create their very own branded, dollar-backed tokens.

The “Coinbase Custom Stablecoins” characteristic, introduced in December, will let companies earn rewards on exercise and permit them to maneuver funds seamlessly between Coinbase-supported chains, with the tokens collateralized by Circle’s USDC (USDC).

“A brand new Coinbase Custom Stablecoin, USDF, has been enabled on Coinbase Alternate for operational testing,” Coinbase posted to X on Tuesday, including: 

“It is a backend take a look at part solely. Buying and selling, deposits, and withdrawals are at the moment unavailable. Keep tuned for extra updates.”

Custom stablecoins can offer businesses extra flexibility throughout all the things from payroll and business-to-business funds to cross-border transactions and treasury administration.

Flipcash is behind the USDF stablecoin

The stablecoin in testing, USDF, is being created by crypto infrastructure platform Flipcash and is anticipated to be out there in early 2026. 

When launched, USDF would be the main stablecoin on the Flipcash app.

Solana-focused self-custody pockets Solflare and decentralized finance platform R2 are additionally working with Coinbase to launch their very own custom-made stablecoin options.

Introducing Coinbase Custom Stablecoins.

Create a branded stablecoin for your corporation, backed 1:1 by collateral custodied by Coinbase.

→ Earn rewards on exercise
→ Seamless interoperability throughout chains
→ Faucet into Coinbase’s international distribution pic.twitter.com/DJ3Wcq4Zhn

— Coinbase 🛡️ (@coinbase) December 17, 2025

Coinbase’s stablecoin enterprise at the moment leans on its partnership with stablecoin issuer Circle, by means of which it lists USDC and earns curiosity and costs.