‍Falcon Finance Enhances Transparency with Detailed USDf Reserve Breakdown
Falcon Finance has updated its Transparency Page, providing an in-depth view of its USDf reserves, now totaling $1.29 billion. The update emphasizes a strong commitment to trust and accountability in decentralized finance.
Approximately 96.3% of reserves are held in major assets like Bitcoin, Financecoins, and stablecoins, with Bitcoin making up $640.16 million. Other significant holdings include $375.65 million in stablecoins and $89.84 million in Dogecoin.
Weekly attestation reports are conducted by HT Digital to ensure real-time verification. Reserves are diversified across custodians like Fireblocks and Ceffu, with 72.2% secured in multisignature arrangements. "Transparency is the cornerstone of trust in stable assets," stated Andrei Grachev, Managing Partner at Falcon Finance.