The biggest digital dollars are made on screen not on streets. They are found within exchanges, liquidity pools, and dashboards and they do not act like actual money but rather as trading instruments. The USDf by Falcon Finance is following another route which sees money as infrastructure to life in general, not DeFi activity specifically. May be, USDf is at its core an over-collateralized synthetic dollar, being supported by a diversified asset portfolio, consisting of stablecoins, major cryptocurrencies, tokenized U.S. treasuries, and tokenized gold. This support in different directions is not a mere technicality. It instills a feeling that USDf can stay intact within the market cycles, which is the first standard of any currency that seeks to be a money and not a speculation.
The point that became distinctive of USDf is its departure out of the crypto-native settings. Credit cards can be used to pay with USDf in over 50 million stores throughout the world since Falcon Finance collaborated with AEON Pay. This implies that holders are not limited to the DeFi protocols as they can spend USDf on their daily needs such as groceries, transportation, or online shopping in areas such as Southeast Asia, Africa, and Latin America. As soon as a digital dollar can be used in real life, it will cease to be an abstract notion, and it will begin to act like money. Such practical application opens USDf as a settlement currency across the world. International payments are currently slow, expensive and intermediated. USDf can be settled onchain in minutes, and since Falcon can have fiat on- and off-ramps in various locations, it can serve as an intermediary between local currency. Businessmen, business organizations and workers are able to remit small amount of money at a faster rate, pay bills to their suppliers with efficiency and value can be moved around the world without rubbing against rubbish.
USDf multi-blockchain expansion also adds to this role. This is because by traversing networks such as Base, USDf can be able to track liquidity and demand wherever economic activity occurs in much the same way that dollars circulate across markets under traditional finance. In a world where currency volatility and check clearing and poor access to funds are still very real issues, USDf has something that is unobtrusively quite potent, predictable, neutral, and portable settlement. It does not require the people to drop their local currencies - it provides them with a safe alternative when stability and speed are of the essence. That is the way digital assets become not only interesting but obligatory.
#FalconFinance @Falcon Finance $FF
