When did USDF launch?

USDF launched publicly on-chain on May 20, 2026, per its sourced launch milestone.

Which chains does USDF use?

The registry records USDF deployments on Solana.

USDF

Flipcash USDF (USDF) stablecoin status and tracking

USDF is Flipcash's dollar stablecoin and the first Coinbase Custom Stablecoin, collateralized 1:1 by USDC via Coinbase's stablecoin-as-a-service platform.

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Launched · no market data yetUSD-Pegged Crypto-Backed Centralized-Dependent

Phase

Launched – awaiting data

Current launch phase

Launched

May 20, 2026

Public on-chain issuance

Tracking review

Dec 24, 2026

Pharos decision due

Since launch

–

Announced Jan 2026

Live surfaces

Awaiting admissible dataMissing lane: price. On October 26, 2026, DefiLlama returned a quote for the Solana mint without naming its source market, and Jupiter and Dexscreener queries did not identify one. That evidence is not enough to admit the quote (#1663).

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 a business launch a branded dollar backed 1:1 by USDC. Coinbase, not Flipcash, is the issuing entity: it handles issuance, , custody, and compliance, while Flipcash uses USDF as the settlement asset for its user-created currencies. The dependency chain is explicit: USDF is a wrapper around USDC, so its backing is only as good as Circle's reserve stack, and its existence depends on Coinbase continuing to run the platform. USDF went live on Solana in May 2026 with Coinbase Onramp access. Pharos's October 25 review recorded a small Jupiter pool and a DefiLlama quote for the mint; neither is an admitted price source. An October 26 follow-up could not confirm which market the quote comes from, so Pharos lists USDF as launched but awaiting data while the quote's source is unresolved. No independent monthly reserve attestation for USDF has been located. Its operating dependency remains Coinbase's issuance and conversion service, with USDC underneath the branded token.

Updated 2026-10-27 · AI summary · drafted by claude-opus-5-5 · facts as of 2026-10-26

AI policy

USDF Launch path

Launched May 20, 2026, awaiting admissible data; 3 milestones logged since Jan 2026.

Target history (3)

2026retired May 31, 2026
May 2026retired Jul 19, 2026
2026retired Oct 25, 2026

Launch status narrative

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); it carried 2,875,649.80 USDF across 529 holders on September 13 2026, grew to 3,181,003.29 USDF by September 27, and fell to 2,686,924.32 USDF across 556 holders on October 25 2026. Jupiter lists one pool for the mint, created April 22 2026, with about $376 of liquidity and no price. USDF is not listed on DefiLlama's stablecoin list or on CoinGecko. In July 2026 Coinbase's exchange still listed USDF as operational-only backend testing (no trading, deposits, or withdrawals), while the token itself circulates on Solana.

Registry dates (UTC); a quarter, half or year target draws as its whole window.

Launch status: quick answers

When did USDF launch?: USDF launched publicly on-chain on May 20, 2026, per its sourced launch milestone.
Who issues USDF?: USDF is Flipcash's dollar stablecoin and the first Coinbase Custom Stablecoin, collateralized 1:1 by USDC via Coinbase's stablecoin-as-a-service platform.
Is USDF live yet?: Yes, USDF has been live since May 20, 2026. Pharos does not track it yet. Missing lane: price. On October 26, 2026, DefiLlama returned a quote for the Solana mint without naming its source market, and Jupiter and Dexscreener queries did not identify one. That evidence is not enough to admit the quote (#1663). Its price, supply, liquidity and Safety Score are unavailable on Pharos, not zero, until both a price and a supply source can be verified.
Which chains does USDF use?: The registry records USDF deployments on Solana.

USDF Activity

Sep 27, 2026Milestone
USDF supply reaches 3.18 million on Solana with still no market, price feed, or trading launch
On-chain supply at the Coinbase Custom Stablecoins mint grew about 10.6 percent in two weeks, from 2,875,650 USDF on September 13 to 3,181,003 on September 27. Jupiter lists no pair for the mint, CoinGecko has no entry, and no trading launch or platform news accompanied the growth.
Source
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 27, 2026Announcement
Coinbase enables USDF for operational testing
Coinbase enabled USDF for operational testing only; trading, deposits, and withdrawals were unavailable.
Source

3 entries · 3 sourced

Featured coverage

Coinbase experiments: Flipcash USDF rolls out as first Custom Stablecoin

First stablecoin issued through Coinbase's Custom Stablecoins platform, backed 1:1 by USDC.

Yahoo Finance

Coinbase debuts Custom Stablecoins, USDF by Flipcash launches as first partner

Crypto Briefing

Other coins using the USDF ticker

Falcon USD (USDf) · Active · US Dollar. USDf is Falcon Finance's overcollateralized synthetic dollar minted 1:1 from stablecoins or via dynamic ratios against BTC.
Aster USDF (USDF) · Active · US Dollar. USDF is Aster's delta-neutral synthetic dollar on BSC.