USDfvsUSD0
Falcon USD vs Usual USD — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
USDf — Falcon USD
USD0 — Usual USD
30-day peg stability dotted line = target · both charts share one scale
What the last 30 days show
Supply moved almost identically over the last 30 days: USDf -0.3%, USD0 -0.3%. USD0 held the tighter band: worst deviation 18 bps against 54 bps.
Key differences
- USDf is roughly 2.3× larger than USD0 by USD circulation value ($1.26B vs $550.8M).
- USDf ranks #14 while USD0 ranks #19 among all tracked stablecoins.
- Both are pegged to the same currency (USD), so they compete directly for the same use cases.
- USDf is a crypto-backed stablecoin; USD0 is fiat-backed. Different mechanism, different failure modes.
- USD0 reports tokenized us treasuries (usual) in reserve. We do not track a published reserve breakdown for USDf.
- Chain coverage is comparable: USDf on 2 chains, USD0 on 2.
Full comparison table
| Metric | USDf | USD0 |
|---|---|---|
| USD circulation value | $1.26B | $550.8M |
| Rank (by USD value) | #14 | #19 |
| Peg | USD | USD |
| Mechanism | crypto-backed | fiat-backed |
| Backing | Delta-neutral (Falcon) | Tokenized US Treasuries (Usual) |
| Chains deployed | 2 | 2 |
| Primary chain | Ethereum | Ethereum |
| Issuer | Falcon Finance | Usual |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between USDf and USD0?
Both track USD, so they compete for the same use cases. USD0 holds tokenized us treasuries (usual). We track no published reserve breakdown for USDf. USDf ranks #14 by USD value and USD0 ranks #19.
Which is bigger, USDf or USD0?
USDf is larger, with $1.26B in circulation vs $550.8M for USD0. That's roughly 2.3× the size.
Is USDf safer than USD0?
Neither is inherently safer. Safety turns on reserve composition, issuer transparency, redemption rights and regulatory oversight — none of which this page audits. USDf uses a crypto-backed model; USD0 uses a fiat-backed one. Read each issuer's most recent reserve attestation before choosing.
Can I convert between USDf and USD0?
Yes. USDf and USD0 both trade on major centralized and decentralized exchanges. Since both track USD, the exchange rate is typically very close to 1:1. Direct swap protocols on Ethereum, Solana, and other chains offer the tightest spreads.
Should I choose USDf or USD0?
The right choice depends on your use case. Consider: which chain do you need? USDf is available on 2 chains and USD0 on 2. What backing do you prefer? What's your integration surface (exchanges, DeFi protocols, payment providers)? Both have deep liquidity, so market cap alone shouldn't decide it.