Flipcash, a digital payment app founded by Ted Livingston, the founder of messaging app Kik, has partnered with Coinbase to launch USDF, a stablecoin pegged to the U.S. dollar.

 

 

According to Coinbase, the launch aims to make stablecoin issuance more accessible. Through the partnership, Flipcash can leverage Coinbase’s custom stablecoin platform to create its own stablecoin asset without having to handle much of the underlying technical complexity itself. As a result, Flipcash does not need to build an entire stablecoin infrastructure from scratch.

 

The USDF stablecoin will be issued on the Solana blockchain and will be 1:1 backed by USDC. It will also serve as Flipcash’s native currency. Since Flipcash allows users to create their own digital currencies, USDF will be the asset in which those currencies are priced and settled. It will serve as the settlement asset for trading digital currencies within the Flipcash app.

 

Coinbase’s Custom Stablecoin Platform 

Coinbase custom stablecoin, or stablecoin as a service, is a platform launched by Coinbase in 2025 that allows businesses to easily create and issue their own branded stablecoins backed by the United States dollar.

 

As the stablecoin market continues to grow and gain institutional adoption, Coinbase launched its stablecoin platform to make it easier for businesses to enter the stablecoin market, reducing the technical and compliance work associated with issuing stablecoins.

 

Stablecoins launched on Coinbase’s custom stablecoin platform, including USDF, which is the first stablecoin created on the platform, will maintain a 1-to-1 backing with USDC and will be supported across multiple chains, including Base and Solana.

 

About Flipcash 

Flipcash is a Solana-based non-custodial mobile wallet and digital payment app created by Canadian entrepreneur Ted Livingston in 2021.

 

It was created to digitize cash and make peer-to-peer payments as frictionless as possible. Through its “Currency Creator” feature, which officially went live last month, Flipcash allows anyone to create a fixed supply of digital currencies.