Coinbase Launches USDC-Backed Stablecoin with Flipcash

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USDC

Daily

$1.001

▲ 0.00%

Volume (24h): -

Resistance Levels

Resistance 3$1.0219

Resistance 2$1.0172

Resistance 1$1.0016

Price$1.001

Support 1$1.0007

Support 2$0.9998

Support 3$0.9994

Pivot (PP):$1.0009

Trend:Uptrend

RSI (14):55.6

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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