Flipcash Launches USDF Stablecoin on Solana via Coinbase Infrastructure

Flipcash deploys USDF, a USDC-backed stablecoin on Solana, utilizing Coinbase's Stablecoin as a Service. This marks the first adoption of the platform for native app payments.

Data compiled by Woofun AI shows that Flipcash, the digital payment application founded by Kik creator Ted Livingston, has deployed its native stablecoin USDF on the Solana blockchain. The asset is pegged 1:1 to the US dollar and fully collateralized by USDC, with Coinbase managing issuance, reserve custody, and compliance obligations.

This deployment marks Flipcash as the inaugural application to utilize Coinbase's Stablecoin as a Service platform, which launched in late 2025 to enable enterprises to issue branded stablecoins without building proprietary infrastructure. USDF is designed primarily for cash-like payment scenarios within the Flipcash ecosystem, facilitating transactions alongside the app's existing community currency trading features.