Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.
Debut token on Coinbase's Custom Stablecoin platform; went live 2026-05-20 on Solana, 1:1 backed by USDC, with Coinbase Onramp fiat access; serves as the settlement asset for Flipcash's user-created currencies; the on-chain reserve contract (github.com/code-payments/flipcash-program) was audited by Sec3. Not yet listed on DefiLlama or CoinGecko under the Flipcash identity and no public Solana mint address disclosed, so it cannot yet enter Pharos runtime data.
Flipcash USDF (USDF) Pre-launch Stablecoin Tracker
USDF
At a Glance
- Backing
- Real-World Asset Backed
- Governance
- CeFi-Dependent
- Peg Currency
- US Dollar
- Jurisdiction
- United States
Launch Timeline
Overdue2026 → May 2026 (current)
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USDF goes live on Solana via Coinbase's Custom Stablecoin platform
Flipcash launches USDF, 1:1 USDC-backed, on Solana with Coinbase Onramp fiat access.
SourceUSDF launches as first Coinbase Custom Stablecoin
Flipcash's USDF is the first stablecoin issued through Coinbase's stablecoin-as-a-service platform, backed 1:1 by USDC.
SourceCoinbase's White-Label Dollar
Flipcash's USDF is the first Coinbase Custom Stablecoin, a USDC wrapper used to prove out the stablecoin-as-a-service platform. USDF is the first stablecoin minted through Coinbase's Custom Stablecoins platform — a stablecoin-as-a-service product that lets any business launch a branded dollar backed 1:1 by USDC. Flipcash is the guinea pig, and the product itself is less interesting than the platform it proves out: if Custom Stablecoins works, every fintech, neobank, and loyalty program can have its own branded dollar without touching reserve management. The dependency chain is explicit — USDF is a wrapper around USDC, which is a wrapper around BlackRock-managed — and the governance is centralized-dependent because the token's existence depends on Coinbase continuing to operate the platform. Whether the world needs branded USDC wrappers or whether this is just a new distribution strategy for Circle's existing product is a question Coinbase would prefer you didn't ask too loudly.
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Related Stablecoins
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