Live · updated 9 minutes ago
Falcon USD Price chart
Key stats
Performance
How the price moved over each period.
Supply
1.84B USDF circulate. No maximum supply is set.
- Circulating
- 1.84B
- Total supply
- 1.84B
- Max supply
- No max supply
ⓘ Circulating · Total supply · Max supply
Circulating supply: coins currently available to trade, as reported by the data provider.
Total supply: coins created so far, minus any burned. It includes locked or not-yet-released coins.
Max supply: the hard cap on coins that can ever exist. Shown as “No max supply” when the protocol sets no cap.
CryptoWave Health score
Five measurable signals. Each ring segment’s length is its weight; how full it is shows the score.
Volume is 0.03% of market cap. Thin trading; small orders can move the price.
$1.83B market cap, rank #52. Bigger is harder to push around.
100% of the total supply circulates. Little dilution ahead.
7.7% below its all-time high of $1.08.
Largest recent swing: 0.11% a day. Calm.
Describes market structure today. Not a price forecast and not investment advice.
How this score is calculated
A weighted average of five signals computed from the market data on this page. Each signal is scored from 0 to 100:
- Liquidity (25%): 24-hour trading volume divided by market cap.
- Market depth (25%): market cap, on a logarithmic scale from $10 million to $1 trillion.
- Supply (15%): circulating supply divided by max supply, or by total supply when there is no cap. More supply already in circulation scores higher.
- Distance from peak (15%): the current price compared with the all-time high.
- Stability (20%): the largest recent price swing among the 1-hour move (×3), the 24-hour move and the 7-day move (÷2.6).
Bands: 75 and above strong, 55–74 fair, 35–54 weak, below 35 fragile.
Limits: the score describes current market structure only. It is not a price forecast, an audit or investment advice, and it does not consider the team, code or token unlocks. A missing input counts as a neutral 50.
Time machine
Drag the date. See what a one-off buy or a regular buy would be worth today. Real daily closing prices, fees not included.
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What is Falcon USD (USDF)?
Falcon USD, written USDf, is a synthetic dollar issued by Falcon Finance. It is designed to stay at one US dollar and is minted against collateral that users deposit, with the protocol holding more value than it issues. Falcon Finance describes itself as universal collateralization infrastructure, and USDf is its main product.
How USDF works
Users deposit eligible collateral and mint USDf against it. Stablecoin deposits mint at 1:1. Other assets, such as Bitcoin, Ether and selected altcoins, are accepted with an overcollateralization ratio set per asset according to its volatility and liquidity. The protocol also lists tokenized real-world assets such as tokenized gold and equities among the collateral it aims to support.
USDf can be staked to receive sUSDf, a yield-bearing token built on the ERC-4626 vault standard. Yield is paid through a rising sUSDf-to-USDf exchange rate rather than through a changing balance. The protocol says it earns that yield from market-neutral trading strategies.
Who can mint and redeem
Minting and redemption directly with the protocol are available to users who complete identity verification. Redemptions can be subject to a waiting period. Most holders obtain USDf on exchanges and decentralized markets instead.
USDF supply and token design
USDf has no fixed cap. Supply grows when collateral is deposited and shrinks when it is redeemed. USDf is deployed on Ethereum, BNB Chain and the XDC Network. The backing ratio is reported by the protocol and moves with collateral prices and deposits. Live circulating supply is shown in the market data on this page.
The design resembles other synthetic dollars: a token backed by crypto collateral with market-neutral positions that earn yield, rather than a pile of bank deposits and Treasury bills. Falcon says its reserve is meant to be overcollateralized, and the backing ratio it reports can move with collateral prices. Its contracts have been audited by Zellic and Pashov, with no critical or high-severity findings reported. Audit results describe code at a point in time, and do not cover trading strategies, custody of collateral on venues, or market conditions.
Official information is on falcon.finance.
What to check before using USDF
- Peg risk: USDf is a synthetic dollar, not a fiat-reserve stablecoin, so it can trade below one dollar if confidence or liquidity falls.
- Strategy and counterparty risk: yield and part of the collateral depend on derivatives positions and exchange counterparties.
- Collateral volatility: volatile collateral can lose value quickly, and the buffer is only as strong as the ratio in force.
- Redemption terms: direct redemption requires verification and may involve a delay.
- Smart contract risk: audits reduce but do not remove the chance of bugs.
Falcon USD project profile
- Open source
- No
- Hardware wallet support
- Yes
Token contracts
- Ethereum:
0xfa2b94…24cec2 - BNB Chain:
0xb3b02e…1ee9d2 - Xdc Network:
0x8210c0634ab8f273806e4b…
Always confirm links on the project's own official channels before connecting a wallet or sending funds.
Falcon USD market analysis
With a market capitalisation of $1.83 billion, Falcon USD (USDF) is classed as a mid-cap asset and ranks #52 of 1,341 cryptocurrencies with a reported market cap on CryptoWave, larger than about 96.1% of them. It accounts for roughly 0.07% of the combined tracked market value. Mid-cap assets sit between the established majors and the speculative long tail, so both growth and drawdowns can be sharp.
Over the last 24 hours roughly $601.7 thousand of USDF changed hands, equal to 0.03% of its market cap, which puts its trading volume ahead of about 48.2% of tracked assets. Trading activity is very low relative to market cap, which usually points to poor liquidity. Its turnover ratio is higher than that of about 6% of tracked assets.
Price action: USDF moved +0.04% in 24 hours and −0.29% over 7 days. It outperformed Bitcoin by 2.22 percentage points over 24 hours and by 3.57 points over 7 days. Against the median tracked coin (ahead by 2.28 points on the day and ahead by 5.92 points on the week), it has been a relative strength in recent sessions.
To overtake Spiko Amundi Overnight Swap Fund (EUR) (EURSAFO) just above it, Falcon USD would need to grow its market cap by about 1.2%; it is 1.4% larger than Pump.fun (PUMP) just below. Its market cap is 0.12% of Bitcoin's.
Based on market data; not investment advice.
Falcon USD FAQ
What is USDF?
USDf is a synthetic dollar from Falcon Finance. It is minted against deposited collateral and aims to hold a value of one US dollar.
How is USDF minted?
Users deposit eligible collateral. Stablecoins mint 1:1, while volatile assets require overcollateralization.
What is sUSDF?
sUSDf is the yield-bearing version of USDf. It is an ERC-4626 vault token whose value against USDf rises as yield accrues.
Which chains does USDF run on?
USDf is deployed on Ethereum, BNB Chain and the XDC Network.
Price history
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