News listCoinbase expands branded stablecoin infrastructure business with Flipcash USDF launch
CoinTelegraph2026-05-20 20:37:09

Coinbase expands branded stablecoin infrastructure business with Flipcash USDF launch

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Source: DefiLlama Related: Trump filing discloses Coinbase, Strategy crypto-linked exposure in Q1 The launch comes as stablecoin issuers and crypto infrastructure providers increasingly offer white-label services that allow businesses to launch branded digital dollar products without managing their own blockchain infrastructure or reserves. In September 2025, Stripe launched Open Issuance, a platform that allows businesses to create and manage their own stablecoins through its Bridge unit. Stripe said the system allows companies to control minting, branding and reserve economics while connecting to shared liquidity infrastructure. In May, Western Union launched its Solana-based USDPT stablecoin, with issuance handled by Anchorage Digital and wallet and settlement infrastructure provided by Fireblocks. The company said the token would support blockchain-based settlement and cross-border payment services across parts of its remittance network. Earlier examples include Binance’s BUSD stablecoin, launched in 2019, and PayPal USD, launched in 2023, both of which were issued by Paxos. Crypto infrastructure companies have also expanded into stablecoin issuance, payments and settlement infrastructure in recent months. Earlier this month, Bakkt completed its acquisition of stablecoin infrastructure firm Distributed Technologies Research as part of its push to build a 24/7 digital settlement layer powered by stablecoin and AI payment technology. The stablecoin market capitalization has climbed to roughly $323 billion from about $244 billion a year ago, an increase of nearly 32%, according to DefiLlama data. Source: DefiLlama Magazine: eToro founder timed Bitcoin top perfectly due to belief in 4 year cycles More on the subject
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Source:CoinTelegraph
Published:2026-05-20 20:37:09
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