Kik founder's new app Flipcash is the first to launch using Coinbase's Custom Stablecoin platform for branded stablecoins.
Coinbase launched its Custom Stablecoin platform in late 2025, allowing businesses to create and deploy their own branded stablecoins. The first company to leverage this new infrastructure is Flipcash, a payments app founded by Ted Livingston, the entrepreneur behind the messaging app Kik. The platform is designed as a stablecoin-as-a-service offering, lowering the technical barriers for companies that want to integrate stablecoin functionality without building blockchain infrastructure from scratch. Flipcash's adoption signals early commercial interest in Coinbase's enterprise stablecoin services. The move aligns with broader industry trends of businesses seeking to tokenize payments and financial products using dollar-pegged digital assets. Coinbase, which already issues the USDC stablecoin in partnership with Circle, appears to be expanding its stablecoin ecosystem by enabling third-party branded offerings through this new platform.
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