Profile
USDf profile facts
Falcon USD (USDf) static profile: governance model CeFi-Dependent; backing model Crypto-Collateralized; peg US Dollar.
Other coins using the USDf ticker
- Aster USDF (USDF) · Active · US Dollar. USDF is Aster's delta-neutral synthetic dollar on BSC.
- Flipcash USDF (USDF) · Pre-launch · US Dollar. USDF is Flipcash's dollar stablecoin and the first Coinbase Custom Stablecoin.
- Collateral
- Crypto assets backing USDf and the USDf Earn strategy, with delta-neutral hedging on centralized exchanges; the reviewed composition is ~94% BTC alongside USDC and USDT cash-equivalents, an insurance fund, and a ~2% long-tail of other crypto and tokenized assets. Falcon additionally accepts tokenized real-world assets (USTB, JAAA, JTRSY, tokenized gold and equities, and Etherfuse CETES) as mintable collateral, though no individual tokenized-RWA balance is present in the reviewed reserve composition.
- Peg mechanism
- Overcollateralized synthetic dollar; liquidation mechanisms and arbitrage maintain the $1 peg; delta-neutral strategies power sUSDf yield
- Jurisdiction
- British Virgin Islands
- Proof of reserves
- Real-Time PoR by HT Digital Ltd weekly collateral-review letters alongside quarterly reasonable-assurance reports. The transparency registry fetched on 2026-10-01 lists a weekly letter covering 2026-09-28; its newest quarterly assurance report still covers 2026-04-30 and is signed 2026-06-19. The weekly letter does not state a formal assurance standard or liability-verification procedures. latestReport retains the reviewed issuer-API snapshot of 2026-08-07 that supports the authored composition; newer coarse collateral letters and live API snapshots are references, not evidence for re-dating those rows. Reserve source
- Contracts
- 5 deployments tracked across Ethereum, BSC, Base, and XDC Network, plus 1 more.
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
USDf quick answers
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What is Falcon USD (USDf)?
USDf is Falcon Finance's overcollateralized synthetic dollar minted 1:1 from stablecoins or via dynamic ratios against BTC, ETH, SOL, and altcoin collateral. The static profile records its US Dollar peg mechanism as: Overcollateralized synthetic dollar; liquidation mechanisms and arbitrage maintain the $1 peg; delta-neutral strategies power sUSDf yield.
Is USDf safe?
As of Oct 24, 2026, Pharos grades USDf C- (54/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to whitelisted primary-market participants. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs USDf?
Pharos records USDf's reserves as of Aug 7, 2026 as 93.7% BTC collateral, 2% Other crypto / tokenized assets, 1.8% USDC cash-equivalent assets, and 3 smaller holdings. Reserve evidence: Real-Time PoR, latest period ending Aug 7, 2026. Pharos classifies the backing as Crypto-Collateralized.
Can USDf be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem USDf?
Under the route Pharos reviewed on Mar 23, 2026, whitelisted primary-market participants can redeem USDf for USDT, USDC, and FDUSD, with a $10,000 minimum. Requests go through a redemption queue. The reviewed terms charge no percentage redemption fee. Whether a given holder qualifies is set by the route's own terms, not by this summary.
