Coinbase Inches Closer Toward Launching Custom Stablecoins

Coinbase is testing Flipcash’s in-development stablecoin, USDF, on its backend as part of a new feature that will allow businesses to create their own branded, dollar-backed tokens.

The “Coinbase Custom Stablecoins” feature, introduced in December, will let businesses earn rewards on activity and allow them to move funds seamlessly between Coinbase-supported chains, with the tokens collateralized by Circle’s USDC (USDC).

“A new Coinbase Custom Stablecoin, USDF, has been enabled on Coinbase…