Coinbase is testing a brand new stablecoin known as USDF on its trade backend, the corporate stated on Tuesday by way of its Coinbase Markets account. The token has been enabled for operational testing solely, with buying and selling, deposits, and withdrawals presently unavailable.
A brand new Coinbase Customized Stablecoin, USDF, has been enabled on Coinbase Trade for operational testing.
Please be aware: It is a backend take a look at part solely. Buying and selling, deposits, and withdrawals are presently unavailable. Keep tuned for extra updates.
— Coinbase Markets 🛡️ (@CoinbaseMarkets) January 27, 2026
The backend take a look at marks an early part of improvement, with Coinbase saying further updates will probably be shared as testing progresses. The transfer indicators a possible enlargement of the corporate’s stablecoin technique past USDC, which it co-issues with Circle.
The announcement follows Coinbase’s broader push to roll out new product options throughout its platform. Late final 12 months, the trade outlined plans to develop into areas together with inventory linked merchandise, perpetual futures buying and selling, prediction markets, and enhanced stablecoin issuance capabilities.
As a part of a broader push to develop its product suite, Coinbase additionally unveiled its Customized Stablecoin infrastructure late final 12 months. The framework permits the issuance of dollar-backed tokens absolutely collateralized with USDC and is now getting used to help the event of USDF throughout its backend testing part.
