Flipcash launches USDF on Solana as first live stablecoin on Coinbase's new custom issuance platform!

Flipcash, the digital payments app founded by Kik creator Ted Livingston, has become the first company to go live on Coinbase's Custom Stablecoin platform, launching USDF — a dollar-pegged token fully backed by USDC — on Solana. The token is designed for cash-like payments within the Flipcash ecosystem, which lets users create and trade fixed-supply community currencies.

Coinbase rolled out its stablecoin-as-a-service offering in late 2025, handling issuance, reserves, and compliance so that companies can launch branded stablecoins without building their own infrastructure. "We launched USDF with Coinbase because they delivered everything we needed to power a seamless consumer experience," Livingston said, citing the team's speed and user-focus.

The move puts Coinbase squarely in competition with Paxos — the incumbent whose clients include PayPal's PYUSD — as well as Stripe-owned…