Falcon Finance, a synthetic dollar protocol that owns the USDf stablecoin with a circulating supply of up to $1.58 billion, has officially partnered with Anchorage Digital and Ceffu to launch fUSD — a USD- Peg payment stablecoin for institutional markets.
According to the announcement, fUSD is positioned as a “GENIUS-ready” stablecoin, meaning it is built to comply with the standards envisioned under the GENIUS Act—a stablecoin bill attracting significant attention in the US. This stablecoin will be issued by Anchorage Digital Bank, while its reserves will be supervised under the OCC (Office of the Comptroller of the Currency), the US federal banking regulator. Additionally, Deloitte will conduct monthly asset verification reports on reserves to enhance system transparency.
Falcon Finance states that fUSD is designed to serve the payment, transaction, and store-of-value needs of financial institutions in the context of stablecoins playing an increasingly important Vai in the global payment infrastructure. Unlike many traditional stablecoins that focus solely on Peg the USD, fUSD also aims to meet the stringent regulatory requirements that Washington is preparing to impose on the crypto industry.
