StableCoin Project Falcon Finance said it received a strategic investment of $ 10 million from the decentralized Finance (Defi) platform, World Liberty Financial (WLFI) with a link to the family of US President Donald Trump.
Funding will support technical integration that enables liquidity USDFAccording to an email announcement, Falcon’s synthetic dollar, and WLFI’s USD1 Stablecoin.
Investment comes when Falcon Finance exceeds $ 1 billion in supply after its public start.
Falcon’s risk-referred synthetic dollar protocol is WLFI’s contradictions with fully reserved USD 1, which is 1: 1 for US dollars and is supported by money market funds and cash counterparts. Difference means that two projects can provide supplementary means of producing yield through on-chain dollar equipment.
According to the announcement, the USD1 is already being used as collateral within Falcon.
WLFI co-founder Zak Folkman said, “Mixing Falcon’s model with our fiat-supported design, we are creating a more flexible and flexible digital dollar ecosystem for global users.”
Read more: Trump-Linked WLFI Partner with Walta after purchasing $ 6 million tokens
