Falcon Finance Secures $10M Strategic Investment from Trump-Linked WLFI Project
Main Idea
Falcon Finance secured a $10M strategic investment from Trump-linked WLFI to expand its stablecoin infrastructure and enhance cross-chain compatibility.
Key Points
1. Falcon Finance received a $10 million investment from World Liberty Financial (WLFI), a DeFi project backed by Trump, marking its first major outside funding.
2. The funding will support cross-chain integrations and conversions between Falcon's USDf stablecoin and WLFI's USD1 stablecoin.
3. USDf is a synthetic dollar protocol with a $1.175 billion market cap, using a multi-asset, overcollateralization model.
4. WLFI's USD1 is a fiat-backed stablecoin with a $2.19 billion market cap, redeemable 1:1 against U.S. money market funds and dollar deposits.
5. The collaboration aims to enhance liquidity and institutional appeal, potentially positioning both stablecoins to compete with USDT and USDC.
Description
Falcon Finance has landed a $10 million strategic investment from World Liberty Financial (WLFI), a decentralized finance project backed by the Trump family. Key Takeaways: Falcon Finance secured a $10M investment from Trump-linked WLFI to expand its stablecoin infrastructure. The firm’s USDf stablecoin uses a multi-asset, risk-adjusted overcollateralization model. New funding will support cross-chain integrations and conversions between USDf and WLFI’s USD1 stablecoin. The deal marks the first ...
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