Dubai, United Arab Emirates, June 3rd, 2025, Chainwire
Synthetic dollar protocol Falcon Finance has announced that the total supply of its USDf synthetic dollar has surpassed $500M. The latest milestone attests to the growing demand for the multi-utility asset as Falcon gears up for its full public launch.
The total supply of the dollar-pegged USDf currently exceeds $520M, having been rising steadily since Falcon opened its protocol to whitelisted retail and institutional users. Falcon’s TVL now stands at $589M, which represents the total value of crypto assets that have been deposited by its users.
After depositing stablecoins or crypto assets including BTC and ETH, whitelisted users can mint USDf which serves as an overcollateralized stablecoin. Users who then elect to stake their USDf can mint a corresponding amount of sUSDf, the yield-generating version of Falcon’s dual-token stablecoin.
The yield available on sUSDf is variable but currently stands at an APY of 8.8%. Unlike other synthetic dollar protocols that rely solely on positive funding rate arbitrage, yield distributed to USDf stakers is derived from multiple sources. This ensures consistent yields regardless of market conditions.
In addition to the lure of being able to earn yield on USDf, demand for the synthetic stablecoin has been driven by increasing opportunities to utilize it across a growing number of DeFi protocols. WOO X recently launched a USDf spot market on its multi-currency exchange, while a Pendle token in the form of PT-sUSDf has been listed on Morpho’s DeFi lending and borrowing protocol. Its introduction allows users to supply sUSDf as collateral while earning yield from Falcon.
The ability to trade USDf for a range of crypto assets including stablecoins also enables users to maximize their sUSDf holdings. By borrowing against USDf or swapping it for a stablecoin such as USDT, they can restake in Falcon to generate more sUSDf before repeating the process to earn maximum yield.
As part of its long-term user growth strategy, Falcon had also recently launched Falcon Miles, an ecosystem-wide points program that rewards user activity across minting, staking, and asset holding. The program is set to expand to additional on-chain integrations, including lending markets and tokenized yield protocols, as the Falcon ecosystem continues to evolve.
With cross-chain deployments and new collateral integrations underway, Falcon Finance is advancing toward its mission of building a robust foundation for synthetic digital dollars.
About Falcon Finance
Falcon Finance is a next-generation synthetic dollar protocol. Preserving users’ multi-assets with industry competitive yields across any market conditions, it sets a new standard in the industry, along with transparency, security, and institutional-grade risk management. Learn more: https://falcon.finance/
Contact
Managing Partner
Andrei Grachev
Falcon Finance
[email protected]
