Flipcash has been making the custom stablecoin platform for some time now. Like you want to create any custom stablecoin and want to settle the funds, you can do so using the USDF. Just like cash buying and sellign the stablecoin on the Flipcash would be easier. 

Coinbase has partnered with this platform for creating and issuing the stablecoins on demand. Which would mean they would target USD based states and the places they control. So that would bring some new stablecoins under control of the Coinbase. 

Do we need stablecoins like memecoins? I think this is one of the reason govt and the minting system was established. Every shop in the town issues stablecoins then we are going to be seeing the legal ones hopefully. That being said I suppose the dollarization is back in the game. 

You can read more on this here. 

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