Coinbase Initiates Internal Testing of Custom Stablecoin USDF, Marking a New Step in Financial Innovation

A New Milestone Achieved

Coinbase recently revealed that its proprietary stablecoin, USDF, has entered the internal testing phase, marking a significant advancement in its innovation efforts in digital assets.

Testing Progress

Currently, the USDF functionality has been deployed on Coinbase Exchange but is limited to internal operational testing, with no support for trading, deposits, or withdrawals at this stage.

Future Plans

Although no official roadmap has been released yet, Coinbase has pledged to provide ongoing updates while maintaining transparency.

Industry Impact

This move could have a profound impact on the stablecoin market, further strengthening Coinbase's leadership in blockchain finance.