Coinbase is testing a brand new stablecoin referred to as USDF on its alternate backend, the corporate stated on Tuesday via 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 Change for operational testing.
Please word: This can be a backend check part solely. Buying and selling, deposits, and withdrawals are presently unavailable. Keep tuned for extra updates.
— Coinbase Markets 🛡️ (@CoinbaseMarkets) January 27, 2026
The backend check marks an early part of growth, with Coinbase saying further updates can 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 yr, the alternate outlined plans to broaden 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 broaden its product suite, Coinbase additionally unveiled its Customized Stablecoin infrastructure late final yr. The framework permits the issuance of dollar-backed tokens totally collateralized with USDC and is now getting used to assist the event of USDF throughout its backend testing part.
