Falcon Finance launched fUSD, a GENIUS-ready U.S. dollar payment stablecoin issued by Anchorage Digital Bank with reserves under OCC supervision and monthly Deloitte attestations. Qualifying institutions can sign bilateral agreements with Falcon to share in reserve economics, targeting roughly 3% annually, while Anchorage and Ceffu do not pay yield directly. Ceffu supplies the institutional custody and collateral stack, and Falcon says it will seed fUSD with its own balance sheet as it separates USDf for DeFi-native collateral from fUSD for regulated treasury desks.

TLDR by @Benthic

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