The integration of xStocks into Falcon Finance marks a milestone in the evolution of DeFi
In an innovative move, Falcon Finance, the first universal collateralization infrastructure, has announced a strategic alliance with Backed to integrate xStocks into its collateralization framework. This integration marks a significant milestone in connecting traditional finance with decentralized finance (DeFi).
The collaboration between Falcon Finance and Backed allows Falcon users to mint USDf, Falcon's over-collateralized synthetic dollar, using popular tokenized stocks like TSLAx, NVDAx, MSTRx, CRCLx, and SPYx. These tokenized stocks are backed by underlying real shares, deposited with regulated custodians, ensuring direct and transparent economic exposure.
The integration of xStocks into Falcon Finance offers several advantages for DeFi users. Users can obtain loans against xStocks without the need to use cryptocurrencies as collateral. Real-world assets like xStocks offer lower volatility compared to cryptocurrencies. Users can combine xStocks with other DeFi assets to maximize their yield.
The alliance between Falcon Finance and Backed represents a significant step towards the mass adoption of DeFi. By connecting traditional finance with decentralized finance, Falcon Finance and Backed are building a compatible bridge between Wall Street and DeFi.
Falcon Finance and Backed prioritize transparency and security. The reserves of USDf are verified weekly and subjected to quarterly audits for ISAE 3000 certification to ensure total transparency.
The integration of xStocks into Falcon Finance is just the beginning of a new era in DeFi. With this collaboration, the DeFi sector is poised to experience significant growth in the coming years.
