Falcon USD (USDf) Slips Below Peg as Liquidity, Collateral Worries Mount

Concerns over liquidity and collateral quality caused the synthetic overcollateralized stablecoin Falcon USD (USDf) created by the decentralized finance (DeFi) protocol Falcon Finance to fall below its intended $1 peg on Tuesday. According to CMC, the value of one Falcon USD (USDf) token dropped as low as $0.9783 early Tuesday. Some