Custom Stablecoins

Custom Stablecoins allow companies to hold customer or corporate balances in their own branded token and earn revenue on every dollar in circulation.

Each token is backed 1:1 by USDC on Coinbase, fully interoperable with USDC, and available on day 1 across Coinbase Retail, Exchange, Prime, and Onramp.

The infrastructure behind each stablecoin is managed by Coinbase, including issuance, redemption, conversions, reserve operations, liquidity management, and proof of reserves.

Custom Stablecoin access is provided to partners during onboarding. If you’re interested in launching a custom stablecoin, get in touch and our team will follow up to discuss fit.

Use cases

Payments

Power branded payments across your app, platform, or merchant network. Fully backed and instantly redeemable for USDC.

Treasury

Run internal settlements and B2B payments while generating revenue on your circulating supply.

Loyalty and rewards

Hold customer balances in your branded stablecoin, earn rewards on circulating supply and put that revenue back into user incentives or cashback.

DeFi protocols

Integrate a custom stablecoin into your protocol with instant USDC liquidity for users.

Key features

Feature	What it enables
1:1 USDC backing	Fully backed reserves held on Coinbase
Managed infrastructure	Launch a branded stablecoin without building issuer infrastructure
Coinbase liquidity	Seamless conversions at scale onchain and across eligible Coinbase surfaces
Permissionless swaps	Fee-free 1:1 onchain swaps with USDC
Weekly rewards	Rewards paid on your stablecoin’s circulating supply
Transparent reserves	Proof of reserves updated in near real-time
Multi-chain support	Base and Solana today, with additional chain support available on request
Global distribution	Available across eligible Coinbase Retail, Exchange, Prime, and Onramp surfaces

Supported networks

EVM Networks

Base Mainnet and Base Sepolia are supported today.

Solana

Solana Mainnet and Solana Devnet are supported today.

Additional EVM and SVM chains are available on request.

Key stablecoin features

Rewards

Learn how weekly rewards are calculated and paid out.

Mint and Burn

Understand supply controls and when minting or burning is used.

Reserve Management

See how reserves are managed to keep every token backed 1:1 by USDC.

Proof of Reserves

Verify transparency and real-time reserve backing updates.

Conversions

Convert between USDC and your stablecoin via the Stableswapper contract or the Transfers API.