USDf, a synthetic stablecoin powered by Dubai-based Falcon Finance, has experienced its circulating supply surging beyond $1.1 billion. This massive increase makes USDf among the top 10 Ethereum-based stablecoins, according to new data released today by market analyst Crypto Patel. This remarkable surge highlights a rising utility of the USDf stablecoin for trading activities, value protection, and international payments amid wider market turbulence.
What is USDf Stablecoin?
The increase in USDf’s circulation highlights robust natural demand from retail and institutional users. This is attributed to several factors, including its synthetic nature, which distinguishes it from other traditional stablecoins.
Early last month, Falcon Finance rolled out the initial mint of USDf utilizing tokenized U.S. Treasuries. The launch marked a substantial milestone for the stablecoin’s integration with RWAs and DeFi, providing complete interoperability and unleashing new opportunities for utility and profit generation. This integration highlights the stablecoin as a regulated, yield-bearing asset that supports various on-chain applications, representing another growth of DeFi.
USDf, which was launched on May 13, 2025, by Falcon Finance, is a synthetic stablecoin that is quite different from traditional stablecoins, including USDT, USDC, and others. The stablecoin is not directly backed by fiat money; instead, it is minted against a varied chain of collateral assets.
Unlocking DeFi Applications
USDf plays a crucial function in the Falcon network as it is the native asset (base currency) and a synthetic dollar within the ecosystem. It allows people to access stabilized liquidity from a broader variety of crypto tokens without having to sell their holdings. This allows people to preserve their holdings while having access to USD-denominated value that can be staked, invested, restaked, or utilized in wider DeFi utilities within the Falcon ecosystem and beyond.
The stable asset’s ability to maintain its fiat value despite wider fluctuations has solidified its status as a reliable stable token. This achievement coincides with the surging international interest in digital assets. As the virtual currency networks continue to advance, USDf’s advancement course reflects the continued maturity of the stable asset market.
