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Falcon USD(USDF)

Token Price$1

24h Change+0.018%

All Time HighMay 8, 2025$1.08

All Time LowJul 8, 2025$0.94

Key Metrics

Market Cap$1.462b

Fully Diluted Valuation$1.462b

Circ. Supply1.468b USDF

Volume 24h$798,930

CEX Volume$678,030

DEX Volume$46,176

Risks

How much debt can be issued against USDF as collateral across lending protocols.

Maximum possible exposure to USDF

$51,651

$50,655 (max additional borrows against USDF) + $995.18 (bad debt if USDF was hacked now)

Euler V2

$51,650 at-risk exposure = $995.18 bad debt if hacked + $50,655 additional borrowable against USDF

Lista Lending

$0.28 at-risk exposure = $0 bad debt if hacked + $0.28 additional borrowable against USDF

Morpho V1

$0.021 at-risk exposure = < $0.0001 bad debt if hacked + $0.021 additional borrowable against USDF

Methodology and limitations

Showing collateral exposure for USDF on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.

These metrics describe lending exposure only and are not a full protocol risk rating.
This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.

Show exposure details

Each row is one protocol-chain exposure for USDF as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.

Protocol	Chain
Euler V2	Ethereum	USDf0xfa2b947eec368f42195f24f36d2af29f7c24cec2	$50,655	$995.18
Lista Lending	BSC	USDF0x5a110fc00474038f6c02e89c707d638602ea44b5	$0.28	$0
Morpho V1	Ethereum	USDf0xfa2b947eec368f42195f24f36d2af29f7c24cec2	$0.021	< $0.0001

Risk Timeline

Risk-management actions published about USDF by tracked risk managers and governance contributors, newest first.

1 action

risk managerLlama Riskllamarisk.com

5 months ago

→Falcon USDf Asset Risk Assessment

USDf shows strong adoption with circulating supply reaching 2.1B and 1.1% market share among Ethereum stablecoins, supported by overcollateralized minting from stables like USDT/USDC and RWAs. Peg stability is generally resilient with deviations under 1%, though downward breaks reached 0.85% and recovery averaged 22 hours during 155 stress events; supply is highly centralized at 99.82% in top 100 holders, and liquidity totals ~60M across key DEX pools.

Markets

Token Usage

An is required to view token usage.

Yields

Tracking 8 pools, average APY 2.87%

Pool	Project
open in new tab USDT-USDF0.01%	Uniswap V3	$10.07m	0.11%	0.11%		0.07%
open in new tab USDC-USDF	Curve DEX	$3.38m	3.50%	0.69%	2.81%	3.46%
open in new tab USDC-USDF	Convex Finance	$1.69m	6.56%	0.69%	5.87%	6.80%
open in new tab USDF-USDCConvex	Beefy	$1.24m	6.22%			6.53%
open in new tab USDT-USDF0.01%	PancakeSwap AMM V3	$1.01m	0%	0%		0.03%
open in new tab USDF	🪂MORE Markets	$646,702	0%	0%		0%
open in new tab USDC-USDFCurve	Stake DAO	$79,792	6.11%	0.28%	5.83%	6.72%
open in new tab USDFEVK Vault eUSDf-1	Euler V2	$13,564	0.43%	0.43%		0.43%

Borrow

Tracking 5 routes

Pool	Project
open in new tabUSDF ➞ ANKRFLOWEVM	🪂MORE Markets	$1.48m	0%	0%	0%	75%	$656,848	$10,146
open in new tabUSDF ➞ WFLOW	🪂MORE Markets	$423,894	-2.14%	0%	-2.85%	75%	$656,848	$10,146
open in new tabUSDF ➞ STGUSDC	🪂MORE Markets	$311,480	-2.19%	0%	-2.93%	75%	$656,848	$10,146
open in new tabUSDF ➞ PYUSD0	🪂MORE Markets	$274,422	-3.53%	0%	-4.70%	75%	$656,848	$10,146
open in new tabUSDF ➞ WETH	🪂MORE Markets	$111,124	0%	0%	0%	75%	$656,848	$10,146

Overview