Falcon Finance and Anchorage Digital Bank announced the launch of fUSD, a new regulated stablecoin designed for institutional users. The product will operate through Ceffu and follows the requirements of the GENIUS Act, the U.S. framework for payment stablecoins adopted in 2025.
fUSD is issued by Anchorage Digital Bank, while Falcon Finance acts as the commercial partner behind the rewards program. The stablecoin is backed by reserves supervised by the Office of the Comptroller of the Currency, with monthly attestations conducted by Deloitte.
According to the companies, institutional holders that sign separate agreements with Falcon Finance may receive rewards linked to reserve income. The program targets annual returns of around 3%. Anchorage, as the issuer, does not directly provide yield on the stablecoin itself in order to comply with U.S. regulations.
The stablecoin will be integrated into Ceffu’s custody and collateral system, already used by firms such as FalconX, Presto, and Orderly. Falcon Finance also confirmed it will allocate part of its own corporate reserves into fUSD at launch.
Falcon Finance now operates two separate dollar products. USDf remains focused on DeFi users and synthetic dollar strategies, while fUSD is aimed at regulated institutional participants that require a traditional non-synthetic stablecoin structure.
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