[Flipcash, Founded by Kik Creator, Launches Native Stablecoin USDF Using Coinbase's Custom Stablecoin Platform] According to The Block, Flipcash, an application under Kik founder Ted Livingston, has launched its native stablecoin USDF on Solana using Coinbase's custom stablecoin platform. This marks the first application to utilize Coinbase's stablecoin-as-a-service platform. USDF is pegged 1:1 to the US dollar, fully backed by USDC, with Coinbase handling issuance, reserves, compliance, and other matters. USDF will be used for cash-like payments within the Flipcash app. Flipcash is a digital payment application built on Solana that allows users to create and trade their own fixed-supply "community currencies." Coinbase launched its stablecoin-as-a-service platform at the end of 2025, enabling businesses to issue branded stablecoins without building their own infrastructure.