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Falcon Finance, a universal collateral infrastructure platform, has announced the deployment of $2.1B $USDf stablecoin via Base. The launch of Falcon USD ($USDf) occurs at a time when Falcon Finance is enjoying a peak in its network activity. As Falcon Finance mentioned in its press release, the launch of the synthetic dollar ($USDf) provides a unique universal collateral type to benefit users. Hence, the consumers can bridge $USDf coming from the Ethereum network to the Base ecosystem.
Falcon Finance Introduces $USDf Stablecoin on Base with Universal Collateral Backing
Falcon Finance’s $USDf stablecoin is going live on Base, introducing an exclusive universal collateral form. This permits users to bridge between the Ethereum-based $USDf with Base for a seamless experience. The development parallels key scalability upgrades as well as the growing institutional adoption within the Base ecosystem.
Particularly, the deployment comes after the activation of the Fusaka hard fork of Ethereum. This upgrade has enhanced the L2 capacity by almost 8 times. Following this upgrade, Base has also witnessed remarkable performance, with its 30-day transfer volume surging over 452M, breaking the previous records.
Additionally, the higher throughput and lower fees have also notably enhanced the consumer experience, getting the capital and attracting developers to the network. At the same time, unlike usual fiat-backed stablecoins, $USDf gets collateral from a diversified basket of reserves, including top crypto assets like $BTC, $ETH, and $SOL. Simultaneously, these reserves also take into account tokenized U.S Treasuries, gold, equities, and sovereign bonds.
Base Fortifies Mainstream Finance and DeFi by Integrating $USDf
As a result, the respective structure brings reserves worth of $2.3B to Base, placing $USDf among the notable stable assets by supporting and reaffirming the chain’s overall liquidity infrastructure. Apart from that, Base has gained wider traction within the mainstream commerce and crypto-native finance. With worldwide payment entities such as Stripe and Visa building on the ecosystem, $USDf’s integration further solidifies the role of Base as a noteworthy settlement layer.
Fiona Ma, the Vice President of Growth at Falcon Finance, also shared remarks on this initiative, stating, “Expanding USDf to Base is part of a larger shift we’re seeing across onchain markets. Stable assets need to be more flexible, more composable, and available across the networks where people are actually building. Base is one of those places.”
According to Falcon Finance, the integration also delivers robust yield mechanics to the network of Base via $USDf, the yield-bearing token of Falcon. Since launch, it has disseminated more than $19.1M in total yield, with up to $1M generated over the recent thirty days. Overall, $USDf’s arrival underscores another critical move step for Base to elevate its position as an inclusive financial entity connecting traditional and decentralized economies.
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