Synthetic dollar protocol Falcon Finance has announced that USDf has been listed on VOOI’s omnichain perps and RWA exchange. The stablecoin can be used as a base currency for trading a range of real-world assets on VOOI, adding further utility to USDf and unlocking new opportunities for its holders.
The listing of USDf on VOOI’s perps and RWA marketplace will deepen the stablecoin’s liquidity and expand global access. It can now be utilized on VOOI to trade US markets including $TSLA and $GOOG alongside other stocks and RWA assets. In addition, VOOI has revealed plans to integrate a USDf earn feature into its app, unlocking additional opportunities for holders to earn yield on their assets.
VOOI’s perpetual DEX aggregator supports both EVM and non-EVM networks, using account abstraction to simplify leveraged trading across chains. It supports more than 200 markets and has generated over $10B in lifetime volume. By incorporating crypto, stocks, indices, and commodities into a single application, VOOI gives onchain traders access to a broad spectrum of assets.
The integration of USDf into VOOI follows a $10M strategic investment in Falcon Finance from World Liberty Financial, developer of the USD1 stablecoin. The funding will accelerate Falcon’s technical integrations, with a focus on shared liquidity provisioning and multi-chain compatibility. Falcon has committed to developing smart contract modules that support seamless conversion between USDf and USD1. In addition, USD1 has been added as collateral on Falcon, expanding the range of stablecoins it holds in its treasury.
USDf is rapidly becoming a versatile, multi-purpose asset as the number of DeFi integrations and exchange listings grows. On V2 of VOOI’s perps DEX aggregator, it will serve as a stable unit of account, allowing users to trade a broad range of real-world assets within a non-custodial framework.
The total supply of USDf has risen sharply over the past month, almost doubling to reach $1.1B, backed by a TVL of $1.2B that includes BTC, altcoins, and stablecoins such as USD1. In the past week, Falcon has launched a Transparency Dashboard providing full transparency into the assets backing USDf. This displays a detailed breakdown of USDf reserves by asset type, custody provider, and the percentage held onchain.
Demand for USDf has been driven by a string of integrations and listings including VOOI, coupled with heightened interest in the opportunities to earn yield through staking the stablecoin. sUSDf, the yield-bearing version of USDf, provides stakers with a variable APY that currently stands at 12.8%.
Falcon Finance is a next-generation synthetic dollar protocol. Preserving users’ multi-assets with industry competitive yields across any market conditions, it sets a new standard in the industry, along with transparency, security, and institutional-grade risk management. Learn more: https://falcon.finance/
