Issuer
Anchorage Digital Bank
fUSD
Regulated digital dollar for trading collateral, with monthly rewards
Issued by Anchorage Digital Bank, fUSD is built for institutions that need regulated dollars across collateral, treasury, and settlement.
Regulation
GENIUS ready
Reserves
U.S. Treasury, Money Market products, Cash
Rewards
~3% APY* via Falcon Rewards Program
WHAT IS fUSD
A regulated digital dollar, built for institutions
fUSD is engineered to bridge the gap between regulated traditional banking and high-velocity digital asset markets.
With Anchorage Digital Bank as the federally regulated issuer, fUSD is GENIUS ready: it provides a stable, transparent, and compliant medium for high-value settlement.
Read Docs
Issuer
Regulation
GENIUS ready
Reserve composition
U.S. Treasury, Money Market products, Cash
Partner
Rewards
~3% APY* via Falcon Rewards Program
fUSD vs USDf
fUSD vs. USDf
One built for institutions. One built for DeFi.
Product type | fUSDRegulated Digital Dollar | USDfDeFi Optimized Synthetic Dollar |
|---|---|---|
Primary Use | Institutional Treasury and Collateral | Collateralization & Liquidity |
Issuer | Anchorage Digital Bank | Falcon Finance |
Reserve Model | Backed by cash, short-dated U.S. Treasuries, and Treasury-backed repo via eligible Money Market Fund (MMF) exposure | Multi-asset Reserve |
User Profile | Institutions | Institutional & Retail Investors |
Rewards | Yes, via Falcon Program | Yes, protocol-native |
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UTILITY OF fUSD
Built for institutional collateral flows
fUSD is engineered for use as institutional exchange collateral, enabling trading exposure on supported venues while collateral remains in institutional off-exchange custody.
Step 01 • Source
Institution
Custodied dollar holdings
Step 02 • Custody Path
Ceffu MirrorRSV
Mirrored, regulated custody
Step 03 • Venue
Exchange Venue
Global execution liquidity
Proprietary Trading
Cross-venue execution with regulated collateral
Corporate Treasury Desks
Compliant treasury with monthly rewards
High-Frequency Traders
Intraday liquidity at venue speed
OTC Liquidity Providers
Bank-grade settlement for institutional flow
Prime Brokerage Flow
Margin and financing on transparent reserves
Digital Asset Hedge Funds
Capital efficiency on pledged collateral
fUSD RESERVE TRANSPARENCY
Reserve and contract information
Live reporting of the Anchorage-managed reserves for fUSD
Reserve Composition
Cash Equivalents
—
Short-dated UST
—
Money Market Funds
—
Last update
Pending
GET ACCESS
Bring regulated dollar collateral into your institutional workflow
fUSD is intended for eligible institutional counterparties on a whitelist basis.
Please provide your firm's details to begin the onboarding and eligibility review.