Coinbase Launches USDC-Backed Stablecoin with Flipcash

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USDC

Daily

$0.99986

▲ 0.00%

Volume (24h): -

Resistance Levels

Resistance 3$1.0171

Resistance 2$1.0154

Resistance 1$1.0001

Price$0.99986

Support 1$0.9997

Support 2$0.9962

Support 3$0.9944

Pivot (PP):$0.999803

Trend:Sideways

RSI (14):41.1

Cointelegraph Staff

(09:37 PM UTC)

1 min read

Coinbase launched USDF with Flipcash, a Solana-based stablecoin backed 1:1 by Circle's USD Coin, as the crypto exchange expands its infrastructure business for companies issuing branded digital currencies.

According to Wednesday's announcement, USDF is designed to serve as the settlement asset for currencies created on Flipcash, a platform where users can launch fixed-supply digital currencies…

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