Coinbase Nears Launch of Custom Stablecoins After Tests with Flipcash’s USDF
Coinbase has been collaborating with Solflare, infrastructure partner R2 and Flipcash to prepare a platform for custom stablecoins, with recent testing centered on Flipcash’s USDF. Sources indicate internal trials have covered minting, custody and wallet interoperability as Coinbase builds issuer controls and distribution flows; the project is reportedly nearing a formal launch window as of Jan. 27, 2026.
A launch would let merchants, platforms and projects issue fiat‑pegged tokens with Coinbase’s custody and on‑ramps, potentially speeding settlement and increasing liquidity across integrated wallets and venues. The move signals growing demand for tailored payments rails, but it also keeps reserve transparency and regulatory compliance squarely in focus as the market scales.