Falcon Finance, SoFi unveil stablecoin products tied to banking infrastructure

While Falcon’s new fUSD is built for institutional trading and collateral workflows, SoFiUSD targets consumer banking users through SoFi’s app.

Falcon Finance has launched a dollar-backed stablecoin, fUSD, through Anchorage Digital Bank’s federally regulated issuance platform, according to a Wednesday announcement.

The companies said the stablecoin is backed by short-dated US Treasurys, cash and Treasury-backed repurchase agreements.

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