
PANews|Jul 10, 2025 02:35
DWF Labs CEO Promises to Release Details of Crypto Asset Portfolio Supporting stablecoin USDf Next Week
According to DL News, Andrei Grachev, CEO of DWF Labs, has promised to announce details of a $630 million cryptocurrency portfolio supporting stablecoin USDf next week.
The stablecoin was issued by Falcon Finance and was briefly decoupled to $0.992 on July 7th. USDf is anchored by encrypted assets and trading profits. Its official website shows that its $630 million reserves support 550 million circulating tokens, but 96% of its assets ($607 million) are stored in off chain custodians such as Binance, and only 4% can be verified on chain.
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