USDf is minted by depositing a diverse set of collateral, including stablecoins like USDT, USDC, and DAI on a 1:1 basis, or non-stablecoin assets such as ETH and BTC with overcollateralisation ratios. This is intended to result in a robust overcollateralised synthetic dollar designed to maintain its peg.
Falcon Finance recently surpassed $230 million in Total Value Locked during its recent public launch. The protocol also supports more than 16 collateral types across ecosystems like Ethereum, Polygon, TON, NEAR, and Bitcoin.
“USDf is the result of a unique approach to developing a synthetic dollar through its overcollateralised design and acceptance of diverse collateral types,” said Anoush Bhasin, Head of Listings at Bitfinex. “We’re pleased to list USDf and provide our customers access to Falcon Finance’s ecosystem.”
Deposits for USDf are expected to open at approximately 10:00 AM UTC on 12th May, 2025, subject to network conditions. Trading is planned to commence at approximately 10:00 AM UTC on 13th May, 2025, contingent upon liquidity requirements being met. USDf will be tradable against US Dollars (USDf/USD) and Bitcoin (BTC/USDf).
To obtain access to USDf on Bitfinex, customers can visit https://www.bitfinex.com/?refcode=0bC4Lljc.
*All users of www.bitfinex.com are subject to Bitfinex’s terms of service (“TOS”). Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning or operating an Account (as defined in the TOS) on www.bitfinex.com.
About Bitfinex
Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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