coindesk.com
Stablecoin project Falcon Finance said it secured a $10 million strategic investment from World Liberty Financial ($WLFI), the decentralized finance (DeFi) platform with links to U.S. President Donald Trump's family.
The funding will support technical integrations that enable liquidity between USDf, Falcon’s synthetic dollar, and $WLFI's $USD1 stablecoin, according to an emailed announcement.
The investment comes as Falcon Finance surpasses $1 billion in circulating supply following its public debut.
Falcon’s risk-adjusted synthetic dollar protocol contrasts with $WLFI’s fully reserved $USD1, which is redeemable 1:1 for U.S. dollars and backed by money market funds and cash equivalents. The difference means the two projects could offer complementary means of generating yield through on-chain dollar instruments.
$USD1 is already being utilized as collateral within Falcon, according to the announcement.
“By combining Falcon’s model with our fiat-backed design, we’re building a more resilient and flexible digital dollar ecosystem for global users,” Zak Folkman, $WLFI co-founder, said.
Read More: Trump-Linked $WLFI Partners With Vaulta After $6 Million Token Buy