Stablecoin USDF Has Repegged to $0.9951
On July 9, it was reported that Falcon Finance’s stablecoin USDF, which briefly depegged to $0.9432 last night, has now returned to its peg at $0.9951. Falcon Finance is backed by DWF Labs. Yesterday, DWF Labs responded to the “temporary depegging of the USDF stablecoin,” stating that the reserve is overcollateralized at 116%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Today, BTC options with a notional value of $13 billion expire, with the max pain point at $98,000.
CME Group: BrokerTec EU market is now open for trading, all other markets remain suspended
Animoca Brands plans to go public on Nasdaq in 2026
Trending news
MoreCrypto prices
More
