Stablecoin USDF Has Repegged to $0.9951

On July 9, it was reported that Falcon Finance’s stablecoin USDF, which briefly depegged to $0.9432 last night, has now returned to its peg at $0.9951. Falcon Finance is backed by DWF Labs. Yesterday, DWF Labs responded to the “temporary depegging of the USDF stablecoin,” stating that the reserve is overcollateralized at 116%.