Community currency application Flipcash has officially launched USDF, a branded stablecoin powered by Coinbase’s Custom Stablecoin platform. The move marks the first live deployment of a stablecoin using Coinbase’s infrastructure-as-a-service offering, introduced in late 2025 to let companies issue compliant digital dollars without building their own back-end systems.
USDF is issued on the Solana network and is fully backed 1:1 by USDC, making it functionally equivalent to a USDC wrapper tailored for the Flipcash ecosystem. The stablecoin will serve as the ultimate settlement layer for the app’s community currencies, which allow users to create and trade fixed-supply tokens.
“We launched USDF with Coinbase because they delivered everything we needed to power a seamless consumer experience in Flipcash,” said Ted Livingston, founder of Flipcash and the Kik messaging platform. “Their team has been impressive, both in how fast they move and how thoughtful they are about the end user.”
Coinbase’s stablecoin-as-a-service handles issuance, reserves, compliance, and ongoing maintenance. For Flipcash, that means the team can focus on user experience and scaling incentives, with plans to integrate Coinbase Onramp for streamlined fiat-to-stablecoin flows. USDF’s debut comes amid a growing race in stablecoin infrastructure, with players like Paxos (issuer of PayPal’s PYUSD), Stripe-owned Bridge, and Anchorage all offering similar platforms. Solflare and R2 were also announced as early partners of Coinbase’s service.
Livingston, who previously faced a multi-year SEC investigation over Kik’s Kin token, called USDF’s launch a “major milestone” in expanding Coinbase’s institutional infrastructure toward customized digital dollars. The broader crypto market views the model as a potential bellwether for corporate adoption of modular blockchain infrastructure.
