On July 8, DWF Labs Managing Partner Andrei Grachev responded to the "temporary de-pegging of stablecoin USDF", with USDF's stablecoin and BTC collateral accounting for approximately 89% (about $565 million), Altcoins accounting for about 11% ($67.5 million), and the reserve over-collateralization rate at 116%. Each USDF minted must be backed by stablecoins without directional risk or equivalent hedged positions.
Falcon Finance's stablecoin USDF temporarily de-pegged to $0.9432, currently trading at $0.9893, still in a slightly de-pegged state. USDF is a stablecoin launched by Falcon Finance, which is supported by DWF Labs.
