Anchorage Digital Launches fUSD as SoFi Enters Stablecoins
Falcon Finance launched fUSD stablecoin via Anchorage Digital, while SoFi introduced its own bank-issued stablecoin.Summary
Falcon Finance has launched its dollar-backed stablecoin, fUSD, utilizing Anchorage Digital Bank's regulated issuance platform. The stablecoin is backed by short-dated US Treasurys, cash, and repurchase agreements, and is designed for institutional trading and treasury workflows. Its reserve structure aims to comply with proposed regulations for dollar-backed stablecoins, separating token issuance from yield payments. Concurrently, SoFi has launched its own dollar-backed stablecoin, SoFiUSD, available within its banking app and supporting Ethereum and Solana blockchains. This marks the first stablecoin issued by a US national bank on a consumer platform, with plans for further integration into tokenized deposits and cross-border payments. Both stablecoins are redeemable 1:1 for US dollars and backed by liquid assets.
(Source：Cointelegraph)