Falcon Finance has commissioned Anchorage to issue a new payment stablecoin, fUSD, compliant with the GENIUS standard.

CoinFeed reported on May 28th that, according to The Block, Falcon Finance has engaged Anchorage Digital to issue a new payment stablecoin, fUSD. This coin complies with GENIUS requirements and is backed by short-term U.S. Treasury securities, cash, and Treasury-backed repurchase agreements. Anchorage Digital Bank's federal regulatory infrastructure will manage the token's collateral and maintain AML/KYC standards. Falcon stated that fUSD is a regulated version of its existing synthetic stablecoin, USDf. USDf is the 11th largest stablecoin, employs an over-collateralized mechanism, and is not covered by GENIUS. fUSD will be deployed as collateral on the MirrorRSV solution of Ceffu, an institutional-grade crypto custody platform affiliated with Binance.