Flipcash launches Solana-based stablecoin USDF via Coinbase platform

Digital payments application Flipcash has launched USDF, a native stablecoin on the Solana (SOL) network, using Coinbase's (COIN) custom stablecoin platform, The Block reported. USDF is a dollar-pegged stablecoin that will serve as a cash-like payment method for trading fixed-supply community currencies within the Flipcash app. The launch marks the first commercial use case for Coinbase's stablecoin services.