Coinbase Launches USDC-Backed Stablecoin with Flipcash

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USDC

Daily

$1.0004

▼ -0.00%

Volume (24h): -

Resistance Levels

Resistance 3$1.0219

Resistance 2$1.017

Resistance 1$1.0007

Price$1.0004

Support 1$1.0004

Support 2$0.9853

Support 3$0.9706

Pivot (PP):$1.0005

Trend:Sideways

RSI (14):43.8

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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