Falcon Finance said it partnered with Anchorage Digital to launch fUSD, a payments stablecoin backed by short-dated U.S. Treasuries, cash, and Treasury-backed repos and designed to align with GENIUS Act requirements. The company described fUSD as a regulated counterpart to its existing USDf token, which it said is the 11th-largest stablecoin by market capitalization and operates as an overcollateralized synthetic stablecoin outside the GENIUS framework. Anchorage Digital Bank’s federally regulated infrastructure will manage fUSD collateral and AML/KYC standards. Falcon also said fUSD is live as collateral on Ceffu’s MirrorRSV off-exchange settlement system, where mirrored assets can be used on Binance for margin, futures, and other trading workflows.