Aster USDF (USDF)

Falcon now has two dollar rails moving in the same direction.

USDf serves DeFi-native, multi-collateral use cases.

fUSD extends Falcon into regulated institutional workflows, issued by Anchorage Digital Bank and launched on Ceffu’s institutional custody and collateral infrastructure.

Different rails. Same goal: making onchain dollars more useful.

In his latest interview, @ag_dwf makes Falcon's strategy clear:

1️⃣ USDf is Falcon’s crypto-native synthetic dollar, backed by crypto and RWA collateral, with yield generated through diversified strategies.

2️⃣ fUSD is issued by Anchorage Digital Bank, backed by Treasuries, cash equivalents, and U.S. dollars, and designed for institutions that need compliant collateral, transparent reserves, and familiar trading workflows.

Andrei also points to a broader shift: as RWAs, commodities, stocks, and debt move onchain, tokenized markets will need tokenized collateral and currencies.