- Coinbase is testing USDF internally, nevertheless it has not but enabled buying and selling or transfers.
- Customized stablecoins purpose to streamline funds and cross-chain fund transfers.
- The stablecoin introduced in $247 million in income within the fourth quarter and $330 billion in buying and selling quantity in 2025.
Coinbase has begun inner operational testing of the USDF stablecoin, a dollar-backed token developed by crypto infrastructure firm Flipcash. In line with the corporate, the testing section shall be carried out on the Coinbase Change system, and buying and selling, deposits, and withdrawals aren’t supported.
The USDF stablecoin is a part of Coinbase’s Customized Stablecoins framework, launched in December to permit firms to concern branded stablecoins backed by Circle’s USDC. This system goals to assist companies transfer funds between supported blockchains whereas incomes rewards linked to token exercise.
USDF Stablecoin Integrates with Coinbase Customized Stablecoin Program
Coinbase acknowledged that present USDF testing continues to be restricted to backend validation. The corporate confirmed that broader performance shall be added at a later stage, and that will probably be accessible to the general public in early 2026.
Flipcash plans to make use of USDF as the first stablecoin inside its software after the token launch. Different firms are additionally working with Coinbase to develop customized stablecoins, together with Solana-based pockets Solflare and decentralized finance platform R2.
Customized stablecoins are positioned as instruments for funds, business-to-business settlements, cross-border remittances, and inner liquidity administration. Coinbase highlighted these use circumstances as areas the place conventional banking methods will be gradual and expensive.
Stablecoins will stay central to Coinbase’s income technique
Coinbase continues to rely closely on its partnership with USDC issuer Circle. Via this relationship, the trade earns curiosity and costs related to using USDC. The corporate reported roughly $247 million in stablecoin-related income within the fourth quarter, highlighting the position of dollar-backed tokens in its enterprise mannequin.
Stablecoin market exercise and regulatory background
In line with Bloomberg knowledge compiled by Artemis Analytics, international stablecoin buying and selling quantity will attain $33 trillion in 2025, a rise of 72% from the earlier 12 months. USDC processed $18.3 trillion in transactions, whereas USDT processed $13.3 trillion. USDT maintained its place as the most important cryptocurrency with a market capitalization of $186 billion.
This development adopted the passage of the GENIUS Act in July 2025, which launched a US regulatory framework for fee stablecoins. Business individuals have cited the invoice as an element supporting broader institutional implementation. Revolut additionally reported that stablecoin fee worth will enhance in 2025, with transaction worth estimated at $10.5 billion, reflecting the rising use of digital {dollars} in funds.
The stablecoin market presently stands at $312.1 billion, and the U.S. Treasury predicts it is going to attain $2 trillion by 2028. Moreover, Bloomberg predicts that stablecoin fee flows might attain $56.6 trillion by 2030, primarily based on an 81% compound annual development fee.
Associated: Analysts predict stablecoin explosion following MiCA stablecoin framework
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