Stablecoin Project Falcon Finance said it has obtained a strategic investment of $ 10 million from World Liberty Financial (WLFI), the Decentralized Finance (Defi) platform with ties with the family of US President Donald Trump.
The financing will support technical integrations that make the liquidity between USDF, the synthetic dollar of Falcon and WLFI’s USD1 Stablecoin possible, according to an emailed announcement.
The investment comes when Falcon Finance exceeds $ 1 billion in circulating offer after his public debut.
Falcon’s risk-corrected synthetic dollar protocol contrasts with the fully reserved USD1 from WLFI, which is relayable 1: 1 for US dollars and supported by money market funds and kase ratents. The difference means that the two projects can offer complementary resources to generate yield through on-chain dollar instruments.
USD1 is already used as collateral within Falcon, according to the announcement.
“By combining the Falcon model with us through Fiat-supported design, we are building a more resilient and flexible ecosystem for digital dollar for global users,” said Zak Folkman, co-founder of WLFI.
Read more: Trump-linked WLFI Partners with Vaulta after $ 6 million token buy
