Flipcash USDF (USDF) Pre-launch Stablecoin Tracker

USDF

Pre-launchPharos hasn't ingested data for this one yet.Launching Soon

Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.

Full launch status and history

Debut token on Coinbase's Custom Stablecoin platform; went live 2026-05-20 on Solana, 1:1 backed by USDC, with Coinbase Onramp fiat access; serves as the settlement asset for Flipcash's user-created currencies; the on-chain reserve contract (github.com/code-payments/flipcash-program) was audited by Sec3. The Solana mint is 5AMAA9JV9H97YYVxx8F6FsCMmTwXSuTTQneiup4RYAUQ (6 decimals, pinned in the issuer's flipcash-program repository, created January 8 2026); on September 13 2026 it carried 2,875,649.80 USDF across 529 holders with no DEX pairs and no price on Jupiter. USDF is not listed on DefiLlama or CoinGecko, so it cannot yet enter Pharos runtime data. As of July 2026 the token remains in Coinbase-exchange operational-only backend testing (no trading, deposits, or withdrawals) and the May 2026 public-launch window has lapsed without a confirmed go-live.

At a Glance

Backing: Crypto-Collateralized
Governance: CeFi-Dependent
Peg Currency: US Dollar
Jurisdiction: United States

Launch Timeline

Delayed

Jan 2026Expected: 2026

2026 → May 2026 → 2026 (current)

Launch Alert

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Activity Timeline

May 20, 2026Milestone

USDF goes live on Solana via Coinbase's Custom Stablecoin platform

Flipcash launches USDF, 1:1 USDC-backed, on Solana with Coinbase Onramp fiat access.

Source

Jan 15, 2026Announcement

USDF launches as first Coinbase Custom Stablecoin

Flipcash's USDF is the first stablecoin issued through Coinbase's stablecoin-as-a-service platform, backed 1:1 by USDC.

Source

Coinbase's White-Label Dollar

Flipcash's USDF is the first stablecoin minted through Coinbase's Custom Stablecoins platform, a stablecoin-as-a-service product that lets any business launch a branded dollar backed 1:1 by USDC. Flipcash is the test case, and the product itself is less interesting than the platform it proves out: if Custom Stablecoins works, every fintech, neobank, and loyalty program can have its own branded dollar without touching reserve management. The dependency chain is explicit: USDF is a wrapper around USDC, so its backing is only as good as Circle's reserve stack. Governance is centralized-dependent because the token's existence depends on Coinbase continuing to operate the platform. USDF went live on Solana in May 2026 with Coinbase Onramp fiat access, but as of July 2026 it remained in Coinbase-exchange operational-only backend testing with no trading, deposits, or withdrawals, no public Solana mint address, and no DefiLlama or CoinGecko listing under the Flipcash identity, so it cannot yet enter Pharos runtime data. Whether the market needs branded USDC wrappers or whether this is a new distribution channel for Circle's existing product stays open; until a public supply surface exists, USDF is a platform demonstration.

Updated September 7, 2026