Falcon Finance's stablecoin, USDf, experienced a brief depegging incident where it dropped to $0.8799. However, it has since recovered to around $0.9905, according to Odaily. This price fluctuation is notable, given USDf's design as a stablecoin pegged to the US dollar.
*Key Details:*
- *Current Price*: $0.9943 (with a 0.5% increase)
- *Market Cap*: $542 million
- *24h Trading Volume*: $30,611,851.68 (representing a 760% increase)
- *Support*: Falcon Finance is backed by DWF Labs
*USDf's Performance:*
- *All-Time High*: $1.07 (May 8, 2025)
- *All-Time Low*: $0.9452 (May 13, 2025)
- *Recent Range*: $0.9917 - $1.00 (24h range)
Falcon Finance offers an overcollateralized synthetic dollar (USDf) through its DeFi protocol, allowing users to deposit crypto collateral and mint USDf .