PANews reported on May 21 that, according to The Block, Kik founder Ted Livingston's app Flipcash has launched its native stablecoin USDF on Solana using Coinbase's custom stablecoin platform, becoming the first application to use Coinbase's Stablecoin-as-a-Service platform. USDF is pegged 1:1 to the US dollar and fully backed by USDC, with Coinbase handling issuance, reserves, and compliance.

USDF will be used for cash-like payments within the Flipcash app. Flipcash is a digital payments app built on Solana that allows users to create and trade their own fixed-supply "community currencies." Coinbase launched its Stablecoin-as-a-Service platform in late 2025, enabling businesses to issue branded stablecoins without building their own infrastructure.