Falcon Finance and Anchorage Launch GENIUS Ready fUSD Payment Stablecoin

TLDR

Table of Contents

fUSD is issued by Anchorage Digital Bank under OCC reserve supervision.
Falcon Finance will run a separate rewards program for eligible institutions.
Ceffu will support fUSD through custody and collateral infrastructure.
fUSD targets treasury desks, trading firms, and regulated institutions.

Falcon Finance and Anchorage Digital Bank have launched fUSD, a GENIUS-ready U.S. dollar payment stablecoin for institutions. Issued by Anchorage and supported by Ceffu, fUSD is built for regulated treasury desks, trading firms, and collateral users. Falcon Finance will offer separate Treasury-backed rewards to eligible institutional holders under contract.

Falcon Finance and Anchorage Introduce fUSD

Falcon Finance announced fUSD as a regulated payment stablecoin issued by Anchorage Digital Bank, N.A. The launch adds a bank-issued dollar product to Falcon Finance’s existing stablecoin business.

Anchorage Digital Bank will issue fUSD under its federal bank charter. The company said the product is built for institutional users that need regulated dollar assets.

Falcon Finance, the synthetic dollar protocol with $1.58 billion in USDf circulating supply, has partnered with Anchorage Digital Bank and Ceffu to launch fUSD, a U.S. dollar payment stablecoin. Positioned as GENIUS-ready, fUSD is issued by Anchorage Digital under OCC reserve…
— Wu Blockchain (@WuBlockchain) May 27, 2026

Falcon Finance said fUSD will serve treasury desks, trading firms, and collateral users. It also said the product targets groups with strict compliance rules.

The launch comes as stablecoins continue to gain use across crypto markets. Falcon Finance said fUSD is backed by assets such as U.S. Treasuries.

Product Is Built for the GENIUS Act Framework

The companies described fUSD as GENIUS-ready. The GENIUS Act is the U.S. federal framework for payment stablecoins, enacted on July 18, 2025.

Under the framework, stablecoin issuers cannot directly pay interest or yield to holders. Anchorage Digital Bank issues fUSD but does not pay rewards on the token.

Falcon Finance said rewards will come through a separate structure. The program will be available only to eligible institutional holders under contract.

The company said the rewards target roughly 3% per year. It also said the returns link to reserve assets, including U.S. Treasuries.

Falcon Finance Adds Separate Institutional Rewards

Falcon Finance will operate the institutional rewards program as a separate partner. The company said this structure keeps issuance and rewards apart.

The program will not be open to all holders. Falcon Finance said only institutions with a direct agreement can take part.

Andrei Grachev, Founding Partner of Falcon Finance, said, “The desks we work with operate under compliance mandates.” He added that fUSD is built for regulated dollar access.

Grachev also said, “It’s issued by a federally-chartered bank, backed by Treasuries.” He said Falcon Finance will place part of its reserves into fUSD.

Ceffu Supports Custody and Collateral Use

Ceffu will support fUSD through its custody and collateral infrastructure. The platform serves institutional users, including trading firms and liquidity providers.

Falcon Finance already uses Ceffu within its custody stack for USDf. USDf is Falcon Finance’s overcollateralized synthetic dollar.

Ian Loh, CEO of Ceffu, said, “The integration of fUSD into Ceffu’s ecosystem delivers institutional-grade custody.” He also said Ceffu will support wider stablecoin use.

Nathan McCauley, CEO and Co-Founder of Anchorage Digital, said, “fUSD is built from the ground up for institutional use.” He added that the product relies on Anchorage Digital Bank’s federal charter.