USDf
USDf
active
Crypto Backed
USD
Yield-Bearing
Market Cap $1.8B
USDf is a yield-bearing synthetic stablecoin by Falcon Finance, offering transparency and stability with overcollateralized reserves.
Key Data
| Backing | Overcollateralized with Bitcoin, stablecoins, altcoins, and tokenized real-world assets. |
| Auditor | Harris & Trotter LLP |
| Reserve Reporting | Weekly updates via Transparency Dashboard and quarterly audit reports. |
| Peg Currency | USD |
| Yield-Bearing | Yes |
| Launched | 2025 |
Supported Networks
L1 EVMEthereum
Cross-Chain Supply (DefiLlama · $118M total)
Use Cases
YieldDefi Collateral
Overview
USDf is a synthetic stablecoin designed by Falcon Finance to provide yield-bearing opportunities while maintaining transparency and stability.
How It Works
USDf is overcollateralized and backed by a diversified reserve portfolio including Bitcoin, stablecoins, altcoins, and tokenized real-world assets.
Reserve Backing
As of July 2025, the reserves totaled over $708 million, resulting in an over-collateralization ratio of 108%. The reserves are audited quarterly by Harris & Trotter LLP.
Supported Networks
USDf is primarily available on the Ethereum blockchain, with plans for cross-chain deployments.
Other USD Stablecoins
Data source: CoinGecko ↗