Falcon Finance and Anchorage Digital Bank have launched fUSD, a GENIUS-ready stablecoin designed for institutional use. Issued by Anchorage Digital Bank, the stablecoin is backed by U.S. Treasuries and aims to offer institutional holders a share in the reserve economics, targeting an estimated 3% annual reward. This reward structure is facilitated by Falcon Finance under separate agreements, not by Anchorage Digital Bank. The fUSD stablecoin is launched on Ceffu’s institutional custody and collateral infrastructure, providing a regulated, rewards-bearing option for treasury desks and high-frequency trading firms. Falcon Finance will deploy a portion of its corporate reserves into fUSD, signaling confidence in the stablecoin's framework. The launch aims to address the gap in potential returns for institutional holders of dollar stablecoins, which currently forgo significant income.