Falcon Finance has launched the fUSD stablecoin, pegged to the US dollar, through the federally regulated platform of Anchorage Digital Bank. This new asset is backed by short-term US Treasurys, cash, and repo agreements. fUSD is primarily designed for institutional trading, collateralization, and treasury workflows, and will initially be used as collateral via Ceffu’s MirrorRSV system. This is reported by Cointelegraph.com reports .
The project's creators state that the fUSD reserve structure was developed in accordance with the GENIUS Act standards, which establish federal regulations for stablecoins in the US. According to Falcon Finance representative Artem Tolkachev, token issuance and reward payments are separated. This method was implemented to bypass expected restrictions on yield-bearing stablecoins and ensure full regulatory compliance.
Meanwhile, SoFi Bank has also introduced its own dollar-pegged stablecoin, named SoFiUSD. This is the first stablecoin issued by a US national bank that can be used directly within a consumer banking app. Users can transfer, purchase, and store this token via the Ethereum and Solana blockchains.
SoFi plans to expand this product in the coming weeks with tokenized deposits, cross-border payments, and exchange integrations. In the future, users will be able to convert the stablecoin into interest-bearing assets linked to their bank accounts. SoFiUSD assets are pegged 1:1 to the USD and are backed by liquid assets held by SoFi Bank.
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