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Falcon USD (USDF) price
Data as of November 11, 2026, 02:11 UTC+3, the price refreshes on the page
Falcon USD (USDF) is an overcollateralized synthetic dollar from the Falcon Finance protocol.
- Market cap
- $1.82B
- 24h volume
- $529.0K
- Volume / market cap
- 0.03%
- Fully diluted value
- $1.82B
- Circulating supply
- 1.83 B USDF
- Total supply
- 1.83 B USDF
- Max supply
- no cap
- 24h range
- $0.9944 … $0.9959
- All-time high
- $1.07May 8, 2025
Analytics
What the numbers say about how the coin behaves. Based on hourly prices over 7 days and data as of November 11, 2026, 02:11 UTC+3.
Volatility
2%lowThe price barely moves, as a stablecoin should.
Dollar peg
$0.9948driftingNow 0.52% away from $1, at most 0.83% over 7 days.
Liquidity
0.0%thinA day’s trading equals 0.0% of market cap: a stablecoin is used for settlement, so heavy turnover is normal.
Market share
0.07%smallShare of the top-100 market cap.
What is Falcon USD
USDf (Falcon USD) is a synthetic dollar from the Falcon Finance protocol that aims to stay worth about one US dollar. The protocol launched in 2025. Falcon Finance lists Andrei Grachev, who also founded the market maker DWF Labs, as one of its founding partners. The protocol added its own FF token in September 2025.
USDf is minted against collateral. Stablecoins such as USDT and USDC mint USDf one-to-one by dollar value, while bitcoin, ether, other crypto assets and tokenized real-world assets (gold, stocks, bonds) require overcollateralization: the deposit must be worth more than the USDf issued. Assets are held off exchange by outside custodians, and the protocol offsets price risk with market-neutral strategies, such as shorting futures against the asset it holds. Minting and redeeming directly requires KYC, and redemptions take 7 days. The main contract is on Ethereum, with versions on BNB Chain, Solana and XDC.
USDf serves as a dollar asset in DeFi. Staking USDf returns sUSDf, whose value in USDf rises with yield from funding-rate and cross-exchange arbitrage, altcoin staking and options strategies. The yield varies and is not guaranteed. A protocol insurance fund is meant to cushion periods of negative yield and buy USDf on the market when liquidity breaks down. Compared with Ethena’s USDe, USDf accepts a wider range of collateral, including altcoins and tokenized real-world assets; unlike USDT and USDC, it has no dollars in bank accounts behind it.
What it’s used for
- a dollar asset for DeFi activity
- staking into sUSDf for variable yield
- unlocking dollar liquidity from crypto holdings without selling them
Risks
- stability and yield depend on trading strategies, exchanges and custodians: strategy losses or a failed counterparty would hit the reserves
- the market price can drift from one dollar: in July 2025 USDf briefly traded below the dollar, and only KYC-verified users can redeem directly, with a 7-day wait
- reserves include volatile assets such as bitcoin and altcoins, and the USDf contract on Ethereum is upgradeable, so the team can change its logic
Contract addresses
Check the contract address before you buy or send: fake tokens copy the name and ticker, but their address is different.
Check a USDF address before the deal
mexm AML shows where the coins came from: scams, darknet, mixers, sanctions. Networks: Ethereum (ERC-20). First check free.
Questions
How much is Falcon USD worth today?
As of November 11, 2026, Falcon USD trades at $0.9948. Over 24 hours the price moved −0.01%, over 7 days +0.27%. The price on this page refreshes automatically.
How many USDF are in circulation?
1.83 B USDF are in circulation. There is no maximum supply. The fully diluted value of all coins is $1.82B.
What is the difference between USDf and sUSDf?
USDf is the synthetic dollar itself. Staking it in the protocol gives you sUSDf, whose value in USDf grows as yield accrues. Unstaking sUSDf back to USDf is immediate, and the yield varies and is not guaranteed.
How do you redeem USDf?
A KYC-verified user can swap USDf in the Falcon app for a stablecoin such as USDC or USDT, or reclaim collateral they deposited in another crypto asset. The assets arrive after a 7-day cooldown while the protocol unwinds its strategies. Without KYC, USDf is sold on exchanges and in liquidity pools.
How do I check a USDF address for AML risk?
Open @AMLmexmBot, pick the network (Ethereum (ERC-20)) and send a wallet address or a transaction hash. The bot shows the risk score in percent and where the funds came from. Your first check is free.
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Prices and analytics are for information only and are not investment advice. Market data source: CoinGecko.