Stablecoin USDF Has Repegged to $0.9951
On July 9, it was reported that Falcon Finance’s stablecoin USDF, which briefly depegged to $0.9432 last night, has now returned to its peg at $0.9951. Falcon Finance is backed by DWF Labs. Yesterday, DWF Labs responded to the “temporary depegging of the USDF stablecoin,” stating that the reserve is overcollateralized at 116%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jim Cramer Ties CPI Relief to $40 Oil, but Brent Trades Over $92
New Zealand Dollar strengthens despite decreasing RBNZ rate hike odds
Report: Anthropic Plans to Raise Issuance Price, Seeks $1.5 Trillion Valuation, and Aims to Raise Over $100 Billion
Anthropic's IPO roadshow received strong investor demand within less than a day, prompting underwriters to consider raising the offering price to above $78 per share. The company’s valuation is expected to surpass 1.5 trillions USD, with total fundraising likely to exceed 100 billions USD. According to three Anthropic shareholders, the company's main goal is to raise as much capital as possible to support its extensive computing power expenditure plans.
Crypto prices
More
