PANews reported on July 8 that Falcon Finance announced on its X account that its reserves are verified daily by an independent agency, with the current over-collateralization rate at 116.98%. The official stated that the over-collateralization ratio (OCR) is calibrated for non-stablecoin assets based on risk factors, and returns are generated through delta-neutral strategies to reduce market risk. In addition, Falcon Finance is collaborating with Harris & Trotter LLP to advance its quarterly attestation reports and achieve the ISAE 3000 highest audit grade certification.
Earlier today, the Falcon USD stablecoin USDF briefly de-pegged to $0.9434, but has now recovered to $0.9924.