Anchorage Digital Issues fUSD: Falcon Finance's New U.S. Federally Regulated Stablecoin
Today, fUSD officially went live, marking the launch of Falcon Finance's U.S. dollar-backed payment stablecoin issued by Anchorage Digital Bank N.A. fUSD is built for institutional trading, collateral, and treasury use cases. It extends Falcon Finance's product suite from crypto-native synthetic dollars into federally regulated U.S. issuance, meeting growing institutional demand for digital dollars built within a clear federal framework.
Falcon Finance, the issuer of USDf, has launched fUSD through Anchorage Digital Bank's federally regulated platform, the first stablecoin issuance solution under direct federal oversight. While USDf is Falcon Finance's crypto-native synthetic dollar designed for DeFi composability, fUSD is its regulated counterpart: a U.S.-issued payment stablecoin backed by high-quality liquid reserves and issued under federal supervision.
"The launch of fUSD marks another step forward in building the regulated stablecoin infrastructure institutions need. Stablecoins are entering a new phase, one where institutions need digital dollars purpose-built for specific use cases and backed by clear regulatory standing. Our federal bank charter makes that possible, and we're proud to bring fUSD to market alongside Falcon Finance." — Nathan McCauley, Co-Founder and CEO, Anchorage Digital
fUSD is backed by short-dated U.S. Treasuries, cash, and Treasury-backed repo, giving institutional users a familiar reserve structure aligned with the GENIUS Act framework. Through this partnership, fUSD leverages Anchorage Digital Bank's federally regulated infrastructure, featuring end-to-end issuance and rigorous AML/KYC standards, and asset protections.
At launch, fUSD is being deployed as collateral on through Ceffu's MirrorRSV solution. This will enable traders to hold assets in qualified custody while deploying them as collateral on, giving institutional traders a regulated dollar asset they can use in active trading workflows without leaving custody.
Falcon Finance has established itself as a leading builder of synthetic dollar infrastructure through USDf, and is now extending that work into federally regulated issuance to serve institutional counterparties operating under compliance mandates.
"With fUSD now live, institutions have access to a regulated dollar asset designed for how they actually operate, across trading venues, collateral workflows, and treasury desks. Partnering with Anchorage Digital gives fUSD the issuance foundation institutional users increasingly require.” — Andrei Grachev, Founding Partner, Falcon Finance
Anchorage Digital and Falcon Finance share a long-term vision for stablecoin infrastructure that is fast, programmable, and built within durable regulatory frameworks. For Anchorage Digital, the partnership marks another step in its role as the leading U.S. stablecoin issuer, expanding regulated stablecoin issuance into institutional trading and collateral.
The partnership demonstrates how regulated stablecoin issuance can power the next phase of institutional digital finance, from treasury management and collateral to settlement and global money movement.
If you'd like to learn more about Anchorage Digital's stablecoin issuance, solutions, custody, or settlement offerings, please get in touch.
About Anchorage Digital
Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through trading, staking, custody, governance, settlement, stablecoin issuance, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the first federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore; Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. Anchorage Digital Bank also offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian. Anchorage Digital is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with a valuation of $4.2 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.
This post is intended for informational purposes only. It is not to be construed as and does not constitute an offer to sell or a solicitation of an offer to purchase any securities in Anchor Labs, Inc., or any of its subsidiaries, and should not be relied upon to make any investment decisions. Furthermore, nothing within this announcement is intended to provide tax, legal, or investment advice and its contents should not be construed as a recommendation to buy, sell, or hold any security or digital asset or to engage in any transaction therein.
Anchorage Digital Bank National Association offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian.
