The DeFi project Falcon Finance has announced that it has raised $10 million in strategic investments from World Liberty Financial (WLFI), the creator of the USD1 stablecoin. The funds will be used to develop the infrastructure and improve compatibility with various blockchains.
In particular, the funding will allow the creation of smart contracts that ensure the exchange between the USDf and USD1 stablecoins, the latter of which is already used as collateral in the Falcon Finance ecosystem. The press release notes that Falcon's supply recently exceeded $1 billion after its public launch, confirming the high market interest in innovative and sustainable solutions in the field of digital dollars.
The Falcon Finance model is based on a synthetic dollar supported by various types of collateral. USD1 stablecoin is backed by US government money market funds, deposits and cash equivalents, which guarantees its redemption at a ratio of 1:1 to the US dollar.
Falcon Finance Managing Partner Andrey Grachev emphasized that the investments received confirm the effectiveness of their approach to creating convenient on-chain tools aimed at institutional users. According to him, the World Liberty Financial distribution network will help accelerate the implementation of new technologies and expand their use.
Thus, the partnership with WLFI opens up new opportunities for scaling the project and developing its technical base, strengthening Falcon Finance's position in the DeFi ecosystem and expanding access to innovative financial products.
These investments demonstrate the growing demand for high-quality stablecoins and highlight the importance of sustainable solutions in modern digital finance. Falcon Finance continues to develop the ecosystem, focusing on security, compatibility and convenience for users of all levels.