Kik founder’s latest app Flipcash first to tap Coinbase’s stablecoin-as-a-service platform
Coinbase rolled out its Custom Stablecoin platform in late 2025 to enable companies to launch branded stablecoins.
Flipcash, the latest venture from Kik founder Ted Livingston, has become the first application to utilize Coinbase's new stablecoin-as-a-service platform. The partnership marks the inaugural use of Coinbase's Custom Stablecoin platform, which enables companies to create and deploy their own branded stablecoins without building the underlying infrastructure from scratch.
Coinbase launched its Custom Stablecoin platform in late 2025, positioning itself to capture demand from businesses seeking to integrate digital currencies into their operations. The service allows companies to issue stablecoins backed by traditional assets while leveraging Coinbase's regulatory compliance framework and technical infrastructure. Livingston previously founded Kik Interactive, the messaging app that faced regulatory challenges with the SEC over its Kin cryptocurrency token between 2017 and 2021.
The development signals growing institutional interest in branded stablecoins as businesses explore digital payment solutions. Coinbase's entry into stablecoin-as-a-service represents a strategic expansion beyond its core exchange operations, potentially opening new revenue streams in the B2B sector. The move comes as regulatory clarity around stablecoins continues to evolve, with companies increasingly seeking compliant pathways to issue digital assets.
Industry observers will monitor whether other major platforms follow Coinbase's lead in offering similar services, and how quickly additional companies adopt the Custom Stablecoin platform following Flipcash's initial implementation.
Source: The Block
