Falcon Finance has released its inaugural independent quarterly audit report for its USDf stablecoin, confirming full backing by reserve assets. Conducted by Harris & Trotter LLP under ISAE 3000 standards, the audit verified that all circulating USDf tokens are supported by reserves exceeding liabilities. The audit also confirmed wallet ownership, collateral valuation, and reserve adequacy, with reserves maintained in a separate account.
In addition to the quarterly audit, Falcon Finance offers weekly reserve verification on its transparency page, underscoring its commitment to stablecoin transparency and regulatory compliance. This move aims to assure stakeholders of the stablecoin's reliability and financial integrity.
Falcon Finance's Audit Confirms USDf Stablecoin Fully Backed by Reserves
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