Falcon Finance withdraws all funds from CEXs amid push for stablecoin transparency

Key Points

1. Falcon Finance's USDf stablecoin is backed by $1.989 billion, reflecting growth and increased trust in the stablecoin.

2. USDf uses reserve logic and blockchain infrastructure, differentiating it from other stablecoins like Tether’s USDT and Circle’s USDC.

3. The move follows past issues in the DeFi sector, such as the collapse of TerraUSD (UST) and Luna (LUNA), which lost 99% of their value within a week.

4. Falcon Finance aims to rewrite the narrative by emphasizing transparency and integrity in stablecoin operations.

5. The stablecoin trades at $1.00 and is perceived as less risky compared to undercollateralized synthetic stablecoins.