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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