Coinbase is testing a brand new stablecoin known as $USDF The corporate revealed the change’s backend on Tuesday by way of its Coinbase Markets account. This token is enabled for operational testing solely and is presently not out there for buying and selling, deposits, or withdrawals.
New Coinbase Customized Stablecoin, $USDFhas been enabled on Coinbase Trade for manufacturing testing.
Notice: This can be a backend testing part solely. Buying and selling, deposits, and withdrawals are presently not out there. Please keep tuned for additional updates.
— Coinbase Markets 🛡️ (@CoinbaseMarkets) January 27, 2026
Backend testing represents an early stage of improvement, and Coinbase says further updates shall be shared as testing progresses. This transfer means that the corporate’s stablecoin technique could proceed to broaden. $USDCco-published with Circle.
This announcement follows Coinbase’s intensive efforts to roll out new product options throughout its platform. Late final 12 months, the change outlined plans to broaden into areas reminiscent of equity-linked merchandise, perpetual futures buying and selling, prediction markets, and enhanced stablecoin issuance capabilities.
As a part of a broader effort to broaden its product suite, Coinbase additionally introduced a customized stablecoin infrastructure late final 12 months. This framework permits the issuance of absolutely collateralized dollar-backed tokens. $USDC At present used to help improvement. $USDF Throughout the backend testing part.