Falcon Finance launches Falcon Card across 90+ jurisdictions as USDf stablecoin supply reaches $1.26B.
DeFi & Yields ·
Falcon Finance introduced Falcon Card on July 20, enabling USDf stablecoin holders to spend their holdings at merchants across 90+ jurisdictions through online and in-store payments, including via supported mobile wallets. The expansion comes as USDf supply reached $1.26 billion, backed by $1.40 billion in reserves for a 111.1% collateralization ratio. The card carries no annual subscription or platform fees beyond applicable foreign-exchange charges, with applications open at app.falcon.finance/card.
USDf can be minted against a range of eligible collateral spanning Bitcoin, Ethereum, stablecoins, tokenized precious metals, U.S. Treasury securities, and investment-grade credit instruments, drawing from integrations with platforms including Tether Gold, Superstate, and Centrifuge. Reserve composition is predominantly Bitcoin-denominated, with BTC accounting for roughly 65% of backing, followed by mBTC and enzoBTC. The protocol generates yield through options-based strategies, funding farming, and staking mechanisms.
The card rollout extends Falcon Finance's ecosystem from collateralization and yield-bearing staking into daily payments, though some markets currently limit access to corporate users. Coverage expansion continues, with the team soliciting feedback on additional jurisdictions via Discord.