Coinbase is making strides in the stablecoin space by testing the USDF stablecoin, developed by FlipCash. This initiative is part of a broader effort to empower businesses with the ability to create their own branded, dollar-backed tokens. The source reports that this move could significantly enhance the adoption of stablecoins in various sectors.
Announcement of New Feature
The announcement was made on Tuesday, revealing that the testing phase is currently underway on the Coinbase Exchange. The new Custom Stablecoins feature is designed to enhance financial transaction flexibility for businesses, facilitating processes such as payroll and cross-border payments.
USDF Stablecoin Introduction
With the USDF stablecoin, Coinbase aims to provide a robust solution that meets the evolving needs of businesses in the digital economy. The stablecoin is projected to be fully operational by early 2026, marking a significant step forward in the integration of cryptocurrency into mainstream financial practices.
Recently, Oobit integrated the USDT stablecoin as a settlement asset, enhancing user transactions at various merchants. This development contrasts with Coinbase's efforts to test the USDF stablecoin for businesses. For more details, see read more.
