USDf fell to $0.9871 before rebounding to $0.9896, with $20.6 billion in circulation supported by $24.3 billion in collateral assets, reflecting strong reserve coverage.
Falcon Finance’s USDf, a dollar-pegged stablecoin, briefly depegged to $0.9871 before recovering to $0.9896. According to the project’s website, USDf has a circulating market capitalization of $20.6 billion and is backed by $24.3 billion in assets, indicating significant overcollateralization. This robust reserve coverage is aimed at maintaining stability despite short-term price fluctuations.