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Falcon Finance Launches New Stablecoin with Anchorage
The Block·
Falcon Finance has partnered with Anchorage Digital to introduce its new payments stablecoin, fUSD. This move marks Falcon's expansion into traditional stablecoin issuance, complementing its existing synthetic dollar token, USDf. The fUSD token is backed by U.S. Treasuries, cash, and Treasury-backed repurchase agreements, adhering to the requirements of the GENIUS Act. Anchorage Digital Bank will manage the collateral and ensure AML/KYC compliance for the token, positioning fUSD as a regulated alternative to Falcon's current offerings.
Tags
fintech
stablecoin
regulation
Original Source
The Block — theblock.coRelated in Fintech