Stablecoin challenge Falcon Finance stated it secured a $10 million strategic funding from World Liberty Monetary (WLFI), the decentralized finance (DeFi) platform with hyperlinks to U.S. President Donald Trump’s household.
The funding will help technical integrations that allow liquidity between USDf, Falcon’s artificial greenback, and WLFI’s USD1 stablecoin, in accordance with an emailed announcement.
The funding comes as Falcon Finance surpasses $1 billion in circulating provide following its public debut.
Falcon’s risk-adjusted artificial greenback protocol contrasts with WLFI’s absolutely reserved USD1, which is redeemable 1:1 for U.S. {dollars} and backed by cash market funds and money equivalents. The distinction means the 2 tasks may provide complementary technique of producing yield by means of on-chain greenback devices.
USD1 is already being utilized as collateral inside Falcon, in accordance with the announcement.
“By combining Falcon’s mannequin with our fiat-backed design, we’re constructing a extra resilient and versatile digital greenback ecosystem for international customers,” Zak Folkman, WLFI co-founder, stated.
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