Latest USDf reserve and supply update as of today (20 Mar):
β’ USDf supply: $1.63b
β’ Total reserves: $1.81b
β’ Backing ratio at 111.03%, overcollateralized
β’ sUSDf APY: 6.6% - 10.18% (for boosted yield)
Main reserve assets breakdown:
β’ BTC $1.09b
β’ MBTC $256.09m
β’ ENZOBTC $216.84m
β’ ETH $117.24m
β’ Stablecoins $57.37m
Asset storage split:
β’ Multisig 94.1%
β’ Fireblocks 3.85%
β’ Ceο¬u 2.1%
Yield strategy allocation: options 61%, positive funding farming + staking 21%, the rest across arbitrage and volatility strategies.
π Access the full transparency dashboard and the weekly audit reports by ht.digital at the bottom of this page: https://app.falcon.finance/transparency
β’ USDf supply: $1.63b
β’ Total reserves: $1.81b
β’ Backing ratio at 111.03%, overcollateralized
β’ sUSDf APY: 6.6% - 10.18% (for boosted yield)
Main reserve assets breakdown:
β’ BTC $1.09b
β’ MBTC $256.09m
β’ ENZOBTC $216.84m
β’ ETH $117.24m
β’ Stablecoins $57.37m
Asset storage split:
β’ Multisig 94.1%
β’ Fireblocks 3.85%
β’ Ceο¬u 2.1%
Yield strategy allocation: options 61%, positive funding farming + staking 21%, the rest across arbitrage and volatility strategies.
π Access the full transparency dashboard and the weekly audit reports by ht.digital at the bottom of this page: https://app.falcon.finance/transparency
β€12π3
Latest USDf reserve and supply update as of today:
β’ USDf supply: $1.63b
β’ Total reserves: $1.79b
β’ Backing ratio at 109.6%, overcollateralized
β’ sUSDf APY: 5.57% - 8.35% (for boosted yield)
Main reserve assets breakdown:
β’ BTC $1.07b
β’ MBTC $251.55m
β’ ENZOBTC $212.99m
β’ ETH $115.52m
β’ Stablecoins $54.52m
Asset storage split:
β’ Multisig 93.8%
β’ Fireblocks 4.05%
β’ Ceο¬u 2.11%
Yield strategy allocation: options 61%, positive funding farming + staking 21%, the rest across arbitrage and volatility strategies.
π Full transparency dashboard and the weekly audit reports by ht.digital is at the bottom of this page: https://app.falcon.finance/transparency
β’ USDf supply: $1.63b
β’ Total reserves: $1.79b
β’ Backing ratio at 109.6%, overcollateralized
β’ sUSDf APY: 5.57% - 8.35% (for boosted yield)
Main reserve assets breakdown:
β’ BTC $1.07b
β’ MBTC $251.55m
β’ ENZOBTC $212.99m
β’ ETH $115.52m
β’ Stablecoins $54.52m
Asset storage split:
β’ Multisig 93.8%
β’ Fireblocks 4.05%
β’ Ceο¬u 2.11%
Yield strategy allocation: options 61%, positive funding farming + staking 21%, the rest across arbitrage and volatility strategies.
π Full transparency dashboard and the weekly audit reports by ht.digital is at the bottom of this page: https://app.falcon.finance/transparency
β€9π2
π¨Ondo Financeβs $TSLAon is now LIVE on Falcon Finance
The first Ondo Finance tokenized asset on Falcon Finance.
Instead of just holding tokenized Tesla stock, you can now use it as collateral to mint USDf while keeping your upside exposure.
How it works:
Lock TSLAon β set your own strike + liquidation thresholds β mint USDf against it.
Outcomes at maturity:
β’ TSLA >$397 β collateral exits, extra USDf for the upside
β’ TSLA in range β return USDf, reclaim TSLAon
β’ TSLA -50% β collateral liquidated, USDf is yours
And the USDf you mint? Stake it for sUSDf and earn up to 10.28% APY.
RWAs + structured yield, under one roof.
Get started here π https://app.falcon.finance/swap/mint?t=TSLAon
The first Ondo Finance tokenized asset on Falcon Finance.
Instead of just holding tokenized Tesla stock, you can now use it as collateral to mint USDf while keeping your upside exposure.
How it works:
Lock TSLAon β set your own strike + liquidation thresholds β mint USDf against it.
Outcomes at maturity:
β’ TSLA >$397 β collateral exits, extra USDf for the upside
β’ TSLA in range β return USDf, reclaim TSLAon
β’ TSLA -50% β collateral liquidated, USDf is yours
And the USDf you mint? Stake it for sUSDf and earn up to 10.28% APY.
RWAs + structured yield, under one roof.
Get started here π https://app.falcon.finance/swap/mint?t=TSLAon
β€4
Our talk on βOnchain Assets and the Next Wave of Killer Apps?β is happening right now!
Join us as we break down where RWAs are heading and what drives the next wave of adoption.
π Speakers:
Andrei Grachev β Founding Partner, Falcon Finance
Artem Tolkachev β Chief RWA Officer, Falcon Finance
Liam Karwan β Head of RWA & Stablecoins, Chainlink
π€ Host:
Diksha Sharma β VP of Marketing, DWF Labs
Tune in now π
https://www.youtube.com/live/aefY5RF1Z0g
Join us as we break down where RWAs are heading and what drives the next wave of adoption.
π Speakers:
Andrei Grachev β Founding Partner, Falcon Finance
Artem Tolkachev β Chief RWA Officer, Falcon Finance
Liam Karwan β Head of RWA & Stablecoins, Chainlink
π€ Host:
Diksha Sharma β VP of Marketing, DWF Labs
Tune in now π
https://www.youtube.com/live/aefY5RF1Z0g
β€4
Andrei Grachev β Founding Partner of Falcon Finance β joins Whitelist live in 1 hour to discuss the state of the market, DeFi risk, and where AI goes next π
Weβll be discussing:
β’ Current market conditions & liquidity
β’ Recent DeFi hacks and their impact on the industry
β’ AI sector outlook & opportunities
πTG Whitelist channel: @whitelist1
β° Today, May 11th at 16:00 UTC
Tune in π
Weβll be discussing:
β’ Current market conditions & liquidity
β’ Recent DeFi hacks and their impact on the industry
β’ AI sector outlook & opportunities
πTG Whitelist channel: @whitelist1
β° Today, May 11th at 16:00 UTC
Tune in π
π₯4β€2
New week, new ATH.
RWAs just hit $33.7B onchain.
The last ~$1.5B spike came overwhelmingly from Ethereum-based, institutional tokenized U.S. Treasuries (the new Franklin Templeton iBENJI launch + BlackRock BUIDL inflows), plus a big commodities rally led by JMWH.
This continues the broader TradFi wave, pushing RWA growth hard.
RWAs just hit $33.7B onchain.
The last ~$1.5B spike came overwhelmingly from Ethereum-based, institutional tokenized U.S. Treasuries (the new Franklin Templeton iBENJI launch + BlackRock BUIDL inflows), plus a big commodities rally led by JMWH.
This continues the broader TradFi wave, pushing RWA growth hard.
β€4
Stablecoins just hit a new ATH: ~$323B in total market cap.
But the market is no longer one big βdigital dollarβ bucket.
USDT at $189B and USDC at $77B still own the payment stablecoin lane.
The real growth is happening elsewhere:
β Crypto-collateralized: USDS at $11.7B
β Synthetic / T-bill yield: USDe at $4.35B, USDY at $1.9B
β Universal collateral + yield: USDf at $1.78B
The market is rewarding digital dollars with yield, utility, and better mechanics.
Where do you see this going?
But the market is no longer one big βdigital dollarβ bucket.
USDT at $189B and USDC at $77B still own the payment stablecoin lane.
The real growth is happening elsewhere:
β Crypto-collateralized: USDS at $11.7B
β Synthetic / T-bill yield: USDe at $4.35B, USDY at $1.9B
β Universal collateral + yield: USDf at $1.78B
The market is rewarding digital dollars with yield, utility, and better mechanics.
Where do you see this going?
π3πΎ1
Introducing fUSD, a GENIUS-ready stablecoin with a rewards structure.
Thereβs currently ~$320B in stablecoins in circulation. The reserves backing them may earn billions in yield each year, but most of that income flows to issuers, not the desks holding the tokens.
fUSD is designed to change that.
With Anchorage Digital Bank as the federally regulated issuer, fUSD is built for the GENIUS framework, offering a stable, transparent medium for high-value settlement.
Qualifying institutional holders get access to rewards targeting ~3%/yr.
Falcon is putting its own balance sheet in from day one.
Details and access here π https://fusd.falcon.finance
Thereβs currently ~$320B in stablecoins in circulation. The reserves backing them may earn billions in yield each year, but most of that income flows to issuers, not the desks holding the tokens.
fUSD is designed to change that.
With Anchorage Digital Bank as the federally regulated issuer, fUSD is built for the GENIUS framework, offering a stable, transparent medium for high-value settlement.
Qualifying institutional holders get access to rewards targeting ~3%/yr.
Falcon is putting its own balance sheet in from day one.
Details and access here π https://fusd.falcon.finance
π₯10π4β€2πΎ2πΎ2
Institutions have had to choose between:
β regulated dollars with no rewards
β or yield products that donβt fit their compliance frameworks
fUSD is closing that gap.
Issued by Anchorage Digital Bank and launched on Ceffuβs institutional custody and collateral infrastructure, fUSD is designed for institutional settlement, collateral, and treasury workflows.
β’ GENIUS-ready
β’ 1:1 backed by cash, short-dated U.S. Treasuries, and Treasury-backed repo
β’ Monthly reserve attestations by Deloitte
β’ Qualifying institutional holders can access rewards targeting ~3%/yr through Falconβs program
β’ Falcon is deploying part of its own corporate reserves into fUSD from day one
The stablecoin conversation is evolving from "dollars onchain" to capital-efficient institutional rails.
Full details: https://falcon.finance/news/falcon-finance-and-anchorage-digital-bank-launch-fusd-a-genius-ready-stablecoin-with-rewards-on-ceffu
β regulated dollars with no rewards
β or yield products that donβt fit their compliance frameworks
fUSD is closing that gap.
Issued by Anchorage Digital Bank and launched on Ceffuβs institutional custody and collateral infrastructure, fUSD is designed for institutional settlement, collateral, and treasury workflows.
β’ GENIUS-ready
β’ 1:1 backed by cash, short-dated U.S. Treasuries, and Treasury-backed repo
β’ Monthly reserve attestations by Deloitte
β’ Qualifying institutional holders can access rewards targeting ~3%/yr through Falconβs program
β’ Falcon is deploying part of its own corporate reserves into fUSD from day one
The stablecoin conversation is evolving from "dollars onchain" to capital-efficient institutional rails.
Full details: https://falcon.finance/news/falcon-finance-and-anchorage-digital-bank-launch-fusd-a-genius-ready-stablecoin-with-rewards-on-ceffu
Falcon Finance
Falcon Finance Launches fUSD With Anchorage Digital Bank
Falcon Finance and Anchorage Digital Bank launch fUSD, a GENIUS Act-ready stablecoin with institutional rewards targeting 3% annually.
π5β€3π₯2
A tale of two onchain dollars.
USDf serves DeFi-native liquidity, collateral, and yield.
fUSD brings Falcon into federally regulated treasury, settlement, and institutional collateral workflows.
Same Falcon ecosystem. Different user, different job.
Details and access here: https://fusd.falcon.finance/
USDf serves DeFi-native liquidity, collateral, and yield.
fUSD brings Falcon into federally regulated treasury, settlement, and institutional collateral workflows.
Same Falcon ecosystem. Different user, different job.
Details and access here: https://fusd.falcon.finance/
β€4π₯1
Citi forecasts tokenized securities could reach $5.5T by 2030.
But tokenized assets are only one side of the story.
Markets also need onchain money, collateral, and settlement rails.
Thatβs where Falcon comes in: USDf for crypto-native DeFi markets, and fUSD for institutional trading, collateral, and treasury workflows.
Explore more about USDf & fUSD at π https://falcon.finance
But tokenized assets are only one side of the story.
Markets also need onchain money, collateral, and settlement rails.
Thatβs where Falcon comes in: USDf for crypto-native DeFi markets, and fUSD for institutional trading, collateral, and treasury workflows.
Explore more about USDf & fUSD at π https://falcon.finance
β€4π1
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In his latest interview, Andrei Grachev makes Falcon's strategy clear:
1οΈβ£ USDf is Falconβs crypto-native synthetic dollar, backed by crypto and RWA collateral, with yield generated through diversified strategies.
2οΈβ£ fUSD is issued by Anchorage Digital Bank, backed by Treasuries, cash equivalents, and U.S. dollars, and designed for institutions that need compliant collateral, transparent reserves, and familiar trading workflows.
Andrei also points to a broader shift: as RWAs, commodities, stocks, and debt move onchain, tokenized markets will need tokenized collateral and currencies.
Watch the full interview here π https://youtu.be/rRk-VE-2fDI
1οΈβ£ USDf is Falconβs crypto-native synthetic dollar, backed by crypto and RWA collateral, with yield generated through diversified strategies.
2οΈβ£ fUSD is issued by Anchorage Digital Bank, backed by Treasuries, cash equivalents, and U.S. dollars, and designed for institutions that need compliant collateral, transparent reserves, and familiar trading workflows.
Andrei also points to a broader shift: as RWAs, commodities, stocks, and debt move onchain, tokenized markets will need tokenized collateral and currencies.
Watch the full interview here π https://youtu.be/rRk-VE-2fDI
β€3π₯1π1
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Falcon now has two dollar rails moving in the same direction.
USDf serves DeFi-native, multi-collateral use cases.
fUSD extends Falcon into regulated institutional workflows, issued by Anchorage Digital Bank and launched on Ceffuβs institutional custody and collateral infrastructure.
Different rails. Same goal: making onchain dollars more useful.
Read the full roundup: https://falcon.finance/news/may-2026-falcon-launches-fusd-with-anchorage-giving-institutional-holders-access-to-rewards-targeting-3-annually
USDf serves DeFi-native, multi-collateral use cases.
fUSD extends Falcon into regulated institutional workflows, issued by Anchorage Digital Bank and launched on Ceffuβs institutional custody and collateral infrastructure.
Different rails. Same goal: making onchain dollars more useful.
Read the full roundup: https://falcon.finance/news/may-2026-falcon-launches-fusd-with-anchorage-giving-institutional-holders-access-to-rewards-targeting-3-annually
β€3
Tokenized stocks are quietly hitting new highs while AI stocks are ripping.
β’ $1.68B distributed value, up 39% over 30d
β’ Monthly transfer volume: $3.63B, up 36%
β’ Holders: 292.6K, up 31%
β’ Biggest platform gainer: Ondo, up 57%
As AI equities hit escape velocity, it's also creating demand for 24/7, onchain access to those equities.
Stocks are becoming onchain-native.
π Put your tokenized stocks to work: https://app.falcon.finance/earn/vaults
β’ $1.68B distributed value, up 39% over 30d
β’ Monthly transfer volume: $3.63B, up 36%
β’ Holders: 292.6K, up 31%
β’ Biggest platform gainer: Ondo, up 57%
As AI equities hit escape velocity, it's also creating demand for 24/7, onchain access to those equities.
Stocks are becoming onchain-native.
π Put your tokenized stocks to work: https://app.falcon.finance/earn/vaults
β€6
Tokenized RWAs are a $380B market where 92% cannot move.
RWA_xyz splits it in two: $31.17B distributed and transferable by investors, $349.33B represented, recordkeeping entries that never leave the issuer's system.
Of the part that moves, about $1B works as lending collateral on Morpho and Aave Horizon. Three cents on the dollar.
Perps don't have this problem. $75B traded in one week of May, and Hyperliquid RWA open interest just printed a $3B all-time high.
Either tokenized assets learn to work as collateral, or perps keep taking the order flow.
π Put your tokenized assets to work: https://app.falcon.finance/earn/vaults
RWA_xyz splits it in two: $31.17B distributed and transferable by investors, $349.33B represented, recordkeeping entries that never leave the issuer's system.
Of the part that moves, about $1B works as lending collateral on Morpho and Aave Horizon. Three cents on the dollar.
Perps don't have this problem. $75B traded in one week of May, and Hyperliquid RWA open interest just printed a $3B all-time high.
Either tokenized assets learn to work as collateral, or perps keep taking the order flow.
π Put your tokenized assets to work: https://app.falcon.finance/earn/vaults
β€βπ₯3π1πΎ1
Most projects pick a side: the regulated bank dollar or the crypto-native yield engine.
Falcon runs both.
$fUSD: issued by Anchorage Digital Bank, Deloitte-attested monthly, backed by cash and T-bills. Qualifying institutions earn ~3% a year through Falcon's separate rewards program.
$USDf: overcollateralized by RWAs and select crypto. Stake it, earn yield.
Explore more about USDf & fUSD at π https://falcon.finance
Falcon runs both.
$fUSD: issued by Anchorage Digital Bank, Deloitte-attested monthly, backed by cash and T-bills. Qualifying institutions earn ~3% a year through Falcon's separate rewards program.
$USDf: overcollateralized by RWAs and select crypto. Stake it, earn yield.
Explore more about USDf & fUSD at π https://falcon.finance
β€4