Falcon USD (USDf) is a synthetic stablecoin designed to maintain a 1:1 peg to the U.S. dollar while operating within the Falcon Finance decentralized finance (DeFi) ecosystem. Rather than relying on centralized fiat reserves, USDf is overcollateralized with a diversified mix of crypto assets and tokenized real‑world assets, such as stablecoins, BTC, ETH, and other approved collateral, to help preserve its stability and support liquidity.