The funds will help bridge Falcon’s synthetic stablecoin, USDf, with WLFI’s fiat-backed USD1, aiming to deepen liquidity across decentralized financial networks.
Unlike Falcon’s risk-adjusted digital dollar, USD1 is fully collateralized with cash and money market instruments and redeemable at a 1:1 ratio with the U.S. dollar.
WLFI’s USD1 has already been deployed as collateral in Falcon’s system, and both sides see the collaboration as a step toward building a hybrid stablecoin ecosystem that balances yield with security.
Zak Folkman, WLFI’s co-founder, said the initiative is designed to expand global access to resilient on-chain dollar products by merging synthetic and fiat-backed models into one liquidity network.
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