Falcon Finance entrusts Anchorage to issue new stablecoin fUSD

According to The Block, Falcon Finance hired Anchorage Digital to issue a stable payment currency fUSD, which meets the requirements of the GENIUS Act and is supported by short-term US treasury bond bonds, cash and treasury bond bond mortgage repurchases. Anchorage Digital Bank will manage the collateral of fUSD and maintain AML/KYC standards. Falcon stated that fUSD is a regulated version of the existing synthetic stablecoin USDf. USDf is the 11th largest stablecoin and adopts an over collateralization mechanism, which is not covered by the GENIUS Act. FUSD will be deployed as collateral on Ceffu's MirrorRSV solution.