Coinbase is testing a brand new stablecoin known as $USDF The corporate revealed the alternate’s backend on Tuesday by means of its Coinbase Markets account. This token is enabled for operational testing solely and is at present not obtainable for buying and selling, deposits, or withdrawals.
New Coinbase Customized Stablecoin, $USDFhas been enabled on Coinbase Change for manufacturing testing.
Notice: It is a backend testing part solely. Buying and selling, deposits, and withdrawals are at present not obtainable. Please keep tuned for additional updates.
— Coinbase Markets 🛡️ (@CoinbaseMarkets) January 27, 2026
Backend testing represents an early stage of growth, and Coinbase says further updates can be shared as testing progresses. This transfer means that the corporate’s stablecoin technique might proceed to develop. $USDCco-published with Circle.
This announcement follows Coinbase’s in depth efforts to roll out new product options throughout its platform. Late final yr, the alternate outlined plans to develop into areas resembling equity-linked merchandise, perpetual futures buying and selling, prediction markets, and enhanced stablecoin issuance capabilities.
As a part of a broader effort to develop its product suite, Coinbase additionally introduced a customized stablecoin infrastructure late final yr. This framework allows the issuance of absolutely collateralized dollar-backed tokens. $USDC At present used to assist growth. $USDF In the course of the backend testing part.
