Falcon Finance launches Falcon Card across 90+ jurisdictions as USDf stablecoin supply reaches $1.26B.
DeFi & Yields ·
Falcon Finance launched Falcon Card on July 20, enabling USDf stablecoin holders to spend their tokens online and in-store across 90+ jurisdictions with no annual subscription fee or Falcon-specific charges beyond applicable foreign exchange costs. The card is accessible to eligible verified users who can load USDf acquired through minting against supported collateral or purchased on secondary markets, with applications open at app.falcon.finance/card.
As of July 31, USDf supply reached $1.26 billion with total reserves of $1.40 billion, yielding a backing ratio of 111.1%. Reserve composition remains heavily weighted toward Bitcoin at approximately 65%, followed by mBTC and enzoBTC at 14.6% and 14.3% respectively. Supported collateral now spans BTC, ETH, SOL, stablecoins, tokenized gold, U.S. government securities, investment-grade credit, and tokenized stocks through integrations with Tether Gold, Superstate, Centrifuge, and other platforms.
Coverage expansion remains ongoing, with some markets currently limited to corporate customers and the team actively soliciting expansion requests. The card launch completes a chain from collateral acquisition through yield generation via staked USDf to real-world spending, with Falcon Miles Season 2 now rewarding card activity.