Falcon Finance has launched $2.1 billion of its USDf stablecoin on the Base network, responding to a surge in crypto activity. The USDf stablecoin, backed by a mix of cryptocurrency and traditional assets, facilitates seamless transfers between Ethereum and Base. This deployment adds $2.3 billion in liquidity to the Base network.
The move comes in the wake of Ethereum's Fusaka hard fork, which significantly increased Base's Layer 2 capacity by eight times. The network has seen over $452 million in transfers over the past 30 days, indicating growing demand and usage.
Falcon Finance Launches $2.1B USDf Stablecoin on Base Amid Activity Surge
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