Anchorage Digital Launches fUSD as SoFi Enters Stablecoins
Falcon Finance has launched a dollar-backed stablecoin, fUSD, through Anchorage Digital Banks federally regulated issuance platform, according to a Wednesday announcement. The companies said the stablecoin is backed by short-dated US Treasurys, cash and Treasury-backed repurchase agreements. The new stablecoin is designed for institutional trading, collateral and treasury workflows and will initially be used as collateral through Ceffu‘s MirrorRSV system. According to the announcement, the stablecoin extends Falcon Finance’s existing USDf synthetic dollar product into federally regulated issuance. The companies said fUSDs reserve structure was designed to align with standards proposed under the GENIUS Act, which would establish federal rules for dollar-backed stablecoins in the United States. Falcon Finance Chief RWA Officer Artem Tolkachev told Cointelegraph that the stablecoins structure separates token issuance from reward payments in an effort to comply with proposed restrictions on yield-bearing stablecoins under the bill. “Anchorage issues fUSD and pays no yield on the token itself,” Tolkachev said. “Falcon pays rewards to qualifying institutional holders through separate contracts.” Anchorage Digital said the stablecoin is being issued through its federally regulated banking platform, which includes AML and KYC requirements tied to US banking rules. The company is the parent of Anchorage Digital Bank, which received a national trust bank charter from the









