Search results for Falcon Finance
Crypto
88 percent of firms plan stablecoin adoption within a year; cross-border payment costs down 35 percent
A survey found corporate use of stablecoins is likely to expand sharply within 12 months, with 88 percent of respondent companies saying they are likely or very likely to use them. About 42 percent said they already use stablecoins for cross-border payments, while 2 percent rely only on traditional payment networks. Firms using stablecoins reported average cost savings of 35 percent, rising to 47 percent for companies with monthly payments above $100 million. Respondents cited regulatory clarity as the biggest barrier.
Crypto
Falcon Finance and SoFi launch dollar stablecoins targeting institutions and retail users
Falcon Finance and SoFi have launched U.S. dollar stablecoin products linked to U.S. banking infrastructure. Falcon Finance introduced the institutional-focused fUSD through Anchorage Digital Bank’s federally regulated issuance platform, with reserves held in short-term U.S. Treasuries, cash and Treasury-backed repos. SoFi unveiled SoFiUSD for retail users inside its app, supporting transfers on Ethereum and Solana and planning additional features in coming weeks.
Crypto
Stablecoin interest ban could trigger capital outflows abroad
A U.S. CLARITY bill banning interest payments on stablecoins could increase the risk of capital leaving regulated markets for overseas venues or opaque financial structures, Cointelegraph reported on Jan. 24. Mega Matrix market head Colin Butler warned that legal stablecoins without yield could drive funds offshore or into out-of-regulation finance. Under the newly enacted GENIUS law, payment stablecoins such as USDC must be fully backed by cash or short-term Treasuries and cannot pay interest directly to holders.