rewrite this content using a minimum of 1200 words and keep HTML tags
Quick take:
Flacon is advancing technical integrations focusing on shared liquidity provisioning, multi-chain compatibility, and smart contract modules.
The integrations will enable seamless conversions between USDf and USD1.
The USDf stablecoin has recently surpassed $1 billion in circulating supply, following its public launch.
Flacon Finance, a universal collateralisation infrastructure provider for on-chain liquidity and yield, has received a $10 million investment from the Trump-family-linked World Libert Financial.
The company plans to use the capital to accelerate technical integrations, focusing on shared liquidity provisioning, multi-chain compatibility, and smart contract modules for seamless conversions between USDf and USD1.
The announcement comes following Falcon’s recent announcement that the USDf stablecoin surpassed $1 billion in circulating supply.
“We are excited to collaborate with WLFI to redefine digital dollar solutions,” said Andrei Grachev, Managing Partner of Falcon Finance. “This investment validates our approach to creating more efficient on-chain dollar instruments for institutional users, and WLFI’s distribution network will help accelerate adoption of our technology.”
The integration of both protocols will see USD1 complement USDf with a digital asset pegged 1:1 to the US dollar and reserves containing money market funds, USD deposits, and other equivalents. USD1 is already being used as collateral on Falcon.
Zak Folkman, co-founder of World Liberty Financial, said: “By combining Falcon’s innovative collateralization model with our fiat-backed approach, we are creating a more robust and flexible digital dollar infrastructure that will meet the diverse needs of both retail and institutional users across the global market.”
The USDf stablecoin has recently been under pressure after depegging earlier this month, amid concerns about the collateralization of the product.
Stay on top of things:
Subscribe to our newsletter using this link – we won’t spam!
Follow us on X and Telegram.
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
Source link
