Solana's on-chain customized stablecoin USDF has been launched.

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According to Mars Finance, on May 20th, USDF, a custom on-chain stablecoin jointly launched by Coinbase and Flipcash, went live on Solana. USDF utilizes Coinbase's infrastructure for issuance, compliance, and settlement, and is part of Coinbase's "Custom Stablecoins" program, which allows businesses/protocols to easily issue their own branded USD stablecoins for payments, payroll, cross-border settlements, etc., while maintaining regulatory compliance.

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