Overview
- WLFI committed $10 million to Falcon Finance to develop multi-chain interoperability, smart contract modules and liquidity-sharing mechanisms between USDf and USD1.
- Falcon Finance’s synthetic USDf stablecoin has surpassed $1 billion in circulating supply, highlighting strong demand for algorithmic dollar instruments.
- WLFI’s USD1 stablecoin is fully reserved and redeemable 1:1 for U.S. dollars and is already being used as collateral within Falcon’s protocol.
- The funding follows WLFI’s recent acquisition of 256.75 ETH in July, bringing its total holdings to approximately 77,226 ETH valued at $296 million.
- The partnership advances WLFI’s strategy to create an interoperable digital dollar ecosystem as stablecoin regulations tighten and governance comes under increased scrutiny.