Coinbase Launches USDC-Backed Stablecoin with Flipcash

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USDC

Daily

$1.001

▲ 0.00%

Volume (24h): -

Resistance Levels

Resistance 3$1.0193

Resistance 2$1.017

Resistance 1$1.0011

Price$1.001

Support 1$1.0008

Support 2$0.9993

Support 3$0.9850

Pivot (PP):$1.001

Trend:Uptrend

RSI (14):57.9

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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