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Record sog_st_falcon_fusd

fUSDFalcon fUSD

Also recorded as fUSD, Falcon fUSD

Active

Lifecycle: Active
Issuance: Restricted
Reference target: US dollar
Primary organization: Anchorage Digital Bank
No additional recorded relationship
Launch: 2026-05-27
Redemption: Unknown
Backing: Unknown
Stabilization: Unknown
Last review: 2026-08-30
Evidence: 1 source record

Reviewed assessment

Identity and current state

This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.

Institutional U.S.-dollar stablecoin issued by Anchorage Digital Bank and launched with Falcon Finance and Ceffu, with separate Falcon-funded rewards for qualifying holders.

Name	Falcon fUSD
Symbol	fUSD
Aliases	fUSD, Falcon fUSD
Asset class	Stablecoin
Lifecycle status	Active
Issuance status	Restricted
Canonical record ID	`sog_st_falcon_fusd`
Route slug	`falcon-fusd`
Record confidence	High
Last reviewed	2026-08-30

Name: Falcon fUSD
Symbol: fUSD
Aliases: fUSD, Falcon fUSD
Asset class: Stablecoin
Lifecycle status: Active
Issuance status: Restricted
Canonical record ID: sog_st_falcon_fusd
Route slug: falcon-fusd
Record confidence: High
Last reviewed: 2026-08-30

Record coverage

Section	Entries
Organizations	1
Sources	1
Reserve reports	0
Reserve components	1
Model-history events	0
Regulatory notes	0
Deployments	0
Issuer-control actions	0
Open questions	1
Events	1

Material concerns

What the reviewed record does not let you assume

Active status and verified evidence are not safety endorsements. Unknown means the reviewed record does not support a stronger conclusion.

Reserve verification: Not independently evidenced in the registry
Redemption clarity: Unresolved
Material known unknowns: 1 open
Yield / incentive mechanics: External Rewards

Organizations and control

Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.

Governance: Centralized
Primary display organization: Anchorage Digital Bank
Primary display role: Legal issuer
Relationship coverage: 1 recorded relationship

Control and relationship coverage

Display selection mode: Deterministic Policy
Current relationships: 1
Ended relationships: 0
Unknown relationship state: 0
Freeze capability: No deployment records
Blacklist capability: No deployment records
Deployment control-event references: 0
Observed issuer-control events: 0

All current, ended, and unknown-state organization relationships
Organization	Organization category	Regulatory character	Jurisdiction	Role	Display priority	From	Until	Relationship status
Anchorage Digital Bank	Bank, trust, or credit institution	Regulated bank, trust, or credit institution	United States	Legal issuer	Primary display	2026-05-27	Not yet recorded	Active relationship

Bank, trust, or credit institution

Anchorage Digital Bank

Primary display

Functional role: Legal issuer
Relationship status: Active relationship
Regulatory character: Regulated bank, trust, or credit institution
Jurisdiction: United States
From: 2026-05-27
Until: Not recorded

Mechanism

How the asset works

Primary operating facts are shown first. Classification and methodology details remain available below.

Reference target: US dollar
Public backing model: Unknown
Primary stabilization mechanism: Unknown
Redemption / exit model: Unknown
Valuation source: Public information is incomplete
Yield / rebase profile: External Rewards · Accrual: Holder

Classification and mechanism details

Reference kind: Fiat
Comparison category: US dollar
Target value: 1
Reference methodology: Falcon launch materials describe fUSD as a dollar stablecoin.
Canonical backing types: Unknown
Reserve component categories: Unknown
Recorded model description: Regulated Reserve Backed Allocation Under Review
Classification notes: Anchorage Digital Bank issuance is established; exact reserve allocation and redemption mechanics remain under review.

Reserve and redemption

Recorded components, disclosures, reports, and redemption conditions remain explicit.

Reserve components

Exact reserve allocation not established in the reviewed Falcon launch sourceUnknown after review · Launch source references reserve supervision and monthly Deloitte attestations but this row does not invent an allocation split.

Reserve profile

Disclosure status	Assurance Claim Established Allocation Under Review
Backing types	Unknown after review
Summary	Falcon launch material references reserve supervision and monthly Deloitte attestations but this batch does not normalize an exact reserve allocation.
As of	2026-05-27
Profile confidence	High

Disclosure status: Assurance Claim Established Allocation Under Review
Backing types: Unknown after review
Summary: Falcon launch material references reserve supervision and monthly Deloitte attestations but this batch does not normalize an exact reserve allocation.
As of: 2026-05-27
Profile confidence: High

Redemption profile

Current status	Unknown after review
Settlement asset	Unknown after review
Eligible parties	Institutional program access is established; direct issuer-redemption mechanics are not normalized here.
Retail access	not established
Institutional access	Institutional Program Access
Minimum amount	Unknown after review
Fee	Unknown after review
Settlement time	Unknown after review
Regional limits	Institutional Compliance and Distribution Requirements Apply

Current status: Unknown after review
Settlement asset: Unknown after review
Eligible parties: Institutional program access is established; direct issuer-redemption mechanics are not normalized here.
Retail access: not established
Institutional access: Institutional Program Access
Minimum amount: Unknown after review
Fee: Unknown after review
Settlement time: Unknown after review
Regional limits: Institutional Compliance and Distribution Requirements Apply

Reserve and attestation history

Date	Publisher	Type	Assets covered	Record confidence
No reserve reports have been added yet.

No reserve reports have been added yet.

Deployments and legal context

Network state, contract identity, legal notices, and value states remain separate.

Blockchain deployments

Network	Standard	Deployment type	Operational state	Contract or identifier
No deployment records have been added yet.

No deployment records have been added yet.

Regulatory and official notices

Date	Title	Authority / publisher	Type	Summary
No regulatory notes have been added yet.

No regulatory notes have been added yet.

Evidence

Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.

1 source identity · 1 evidence relation
Source	Publisher	Source category	Provenance	Primary or secondary	Supported claims	Archive	Reliability
Falcon Finance and Anchorage Digital Bank Launch fUSD Published 2026-05-27	Falcon Finance	Official statement or announcement Canonical: Official Announcement	Subject-controlled source	Primary source	Identity, Issuer, Launch, Reserve Assurance, Yield Boundary, Fusd Identity Launch Anchorage Issuer Attestation and External Rewards	Archive index or wildcard	High

Official statement or announcement

Falcon Finance and Anchorage Digital Bank Launch fUSD

High

Publisher: Falcon Finance
Published: 2026-05-27
Provenance: Subject-controlled source
Primary or secondary: Primary source
Supported claims: Identity, Issuer, Launch, Reserve Assurance, Yield Boundary, Fusd Identity Launch Anchorage Issuer Attestation and External Rewards
Archive: Archive index or wildcard
Reliability: High

Known unknowns

Known unknowns and coverage

Missing or disputed facts remain visible instead of being converted into certainty.

Open questions

Topic	What remains unclear	Value state	Priority	Last checked
Reserve Allocation Redemption Deployment and Reward Boundary	Falcon launch material establishes Anchorage Digital Bank issuance and a separate Falcon-funded reward program, but exact reserve allocation, redemption minimums, deployment identifiers and current contract-control roles are not established here.	Unknown after review	Medium	2026-08-30

Reserve Allocation Redemption Deployment and Reward Boundary

Falcon launch material establishes Anchorage Digital Bank issuance and a separate Falcon-funded reward program, but exact reserve allocation, redemption minimums, deployment identifiers and current contract-control roles are not established here.

Value state: Unknown after review
Priority: Medium
Last checked: 2026-08-30

Lifecycle

History

Current classification remains separate from dated changes and incidents.

Model and lifecycle changes

No separate model-change event is currently recorded.

Event timeline

Date	Event	Category	Subtype	Status effect	Recovery
2026-05-27	Falcon and Anchorage Digital Bank launch fUSD	Launch and introduction	Launch	Remained active	Not applicable

Related records and corrections

Corrections and further reading

Open connected records, methodology, machine-readable data, or report a correction.