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
Philippine peso falls to 63.167 against the US dollar, hitting a historic low
Spot gold: range-bound fluctuations, sell on rallies, buy on dips.
US crude oil: range-bound fluctuations, buy on dips, sell on highs
Crypto prices
More
