Falcon Finance and Anchorage Digital launch fUSD stablecoin

Falcon Finance has launched a new U.S. dollar stablecoin, fUSD, in partnership with Anchorage Digital Bank, a federally chartered institution. The stablecoin is designed for institutional use in trading, collateral, and treasury management and is structured to comply with the federal GENIUS Act regulatory framework.

The fUSD token is issued by Anchorage Digital Bank and is fully backed by cash, short-term U.S. Treasury securities, and Treasury-backed repurchase agreements. A key feature of the launch is its integration with the institutional custody and collateral infrastructure provided by Ceffu, specifically its MirrorRSV solution. This system allows institutions to use fUSD as collateral on trading platforms like Binance while the actual assets remain in secure, off-exchange cold storage.

Officials from Falcon Finance described fUSD as a regulated counterpart to the company's existing product, USDf, which is an overcollateralized synthetic stablecoin. They stated the new token provides institutions with a compliant digital dollar asset tailored for their operational workflows. A founding partner of Falcon Finance said the partnership with Anchorage Digital provides the...