USD-pegged · crypto-backed · #14 by USD value
Falcon USD (USDf) is a USD-pegged crypto-backed stablecoin, backed by delta-neutral (falcon). It currently ranks #14 among tracked stablecoins by circulating supply, and is deployed across 2 blockchains. Data is updated daily at 00:00 UTC from DefiLlama.
| Chain | Share | Supply |
|---|---|---|
| Ethereum | 90.9% | $1.14B |
| BSC | 9.1% | $114.0M |
Falcon USD (USDf) is a USD-pegged stablecoin backed by delta-neutral (falcon). Its peg mechanism is crypto-backed, and it currently ranks #14 among tracked stablecoins by circulating supply.
USDf has a circulating supply of $1.26B (USD equivalent). Data updates daily at 00:00 UTC from DefiLlama.
USDf is backed by Delta-neutral (Falcon). This means holders' claims are collateralized in that form, with reserves reported by the issuer.
USDf is deployed across 2 blockchains, with Ethereum holding the largest share of supply. See the Chain Distribution section on this page for the full breakdown.
USDf shares a USD peg with USDT and USDC — the market's two largest stablecoins — but differs in issuer, backing composition, and typical use cases. USDT and USDC together account for the majority of USD stablecoin supply; USDf ranks #14.
| Full Name | Falcon USD |
| Symbol | USDf |
| Peg | USD |
| Peg Mechanism | crypto-backed |
| Backing | Delta-neutral (Falcon) |
| Chains Deployed | 2 |
| CoinGecko | View on CoinGecko → |
| Data Source | DefiLlama → |
| Last Updated | 2026-07-27 · refreshes daily 00:00 UTC |