Falcon Finance’s USDf Stablecoin Supply Hits $1.5B ATH Amid DeFi Growth

Falcon Finance's decentralized stablecoin USDf has reached a record circulating supply of $1.5 billion, marking a significant milestone for the protocol. The surge from $1.12 billion just a month ago underscores accelerating adoption in DeFi.

The yield-bearing sUSDf variant now leads competitors with a 9.30% 30-day APY, outperforming offerings from Ethena, Maple, and even BlackRock's BUIDL. Recent platform enhancements include a $50,000 rewards program through Yap2Fly and new frxUSD–USDf Curve pool integrations delivering 40× Miles rewards.

A newly established $10 million insurance fund addresses risk management concerns. "This milestone reflects the market's confidence in our transparent, yield-focused approach," said Andrei Grachev, Falcon Finance's Managing Partner.