USDfvsUSX
Falcon USD vs Solstice USX — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
USDf — Falcon USD
USX — Solstice USX
30-day peg stability dotted line = target · both charts share one scale
What the last 30 days show
Over the last 30 days USDf supply moved -0.3% and USX -2.1% — USDf grew faster. USX held the tighter band: worst deviation 10 bps against 54 bps.
Key differences
- USDf is roughly 2.5× larger than USX by USD circulation value ($1.26B vs $506.6M).
- USDf ranks #14 while USX ranks #20 among all tracked stablecoins.
- Both are pegged to the same currency (USD), so they compete directly for the same use cases.
- Both are crypto-backed stablecoins, so the mechanism is not what separates them.
- USX reports overcollateralized cdp in reserve. We do not track a published reserve breakdown for USDf.
- USDf is deployed on 2 chains — much broader coverage than USX's 1.
- Primary chain differs — most USDf supply lives on Ethereum, while most USX supply is on Solana.
Full comparison table
| Metric | USDf | USX |
|---|---|---|
| USD circulation value | $1.26B | $506.6M |
| Rank (by USD value) | #14 | #20 |
| Peg | USD | USD |
| Mechanism | crypto-backed | crypto-backed |
| Backing | Delta-neutral (Falcon) | Overcollateralized CDP |
| Chains deployed | 2 | 1 |
| Primary chain | Ethereum | Solana |
| Issuer | Falcon Finance | — |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between USDf and USX?
Both track USD, so they compete for the same use cases. USX holds overcollateralized cdp. We track no published reserve breakdown for USDf. USDf ranks #14 by USD value and USX ranks #20.
Which is bigger, USDf or USX?
USDf is larger, with $1.26B in circulation vs $506.6M for USX. That's roughly 2.5× the size.
Is USDf safer than USX?
Neither is inherently safer. Safety turns on reserve composition, issuer transparency, redemption rights and regulatory oversight — none of which this page audits. Both use a crypto-backed model, so the difference sits in the issuer and the reserves rather than the design. Read each issuer's most recent reserve attestation before choosing.
Can I convert between USDf and USX?
Yes. USDf and USX 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 USX?
The right choice depends on your use case. Consider: which chain do you need? USDf is available on 2 chains and USX on 1. 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.