Coinbase Custom Stablecoins are partner-branded tokens, backed 1:1 by USDC held in custody by Coinbase. These distinct assets can be bought or sold on the Coinbase platform.
Supported assets and networks
Asset | Network |
USDF | Solana |
Coinbase Custom Stablecoins function
Coinbase creates Custom Stablecoins for partners to support specific use cases, enhancing loyalty and engagement within their ecosystem.
Coinbase Custom Stablecoins vs USDC
Coinbase Custom Stablecoins are backed by USDC, a fiat-backed stablecoin known for liquidity and transparency. Each Custom Stablecoin has a unique asset name and ticker.
Key features
1:1 backing: Coinbase backs Custom Stablecoins 1:1 with USDC in custody.
Proof of reserves: Coinbase provides transparent reserves showing 1:1 USDC backing.
Conversions: Users convert Custom Stablecoins 1:1 with USDC on Coinbase.
Get Coinbase Custom Stablecoins
Convert: Swap USDC 1:1 for Custom Stablecoins on the Coinbase platform.
Deposit: Send Custom Stablecoins from an external wallet to a Coinbase account.
Partner distribution: Obtain Custom Stablecoins directly from a partner.
Restrictions
Coinbase Custom Stablecoins are currently not available to customers in New York, Canada, and the European Economic Area on the Coinbase Platform.