Falcon Finance, the synthetic dollar protocol with $1.58 billion in USDf circulating supply, has partnered with Anchorage Digital Bank and Ceffu to launch fUSD, a U.S. dollar payment stablecoin. Positioned as GENIUS-ready, fUSD is issued by Anchorage Digital under OCC reserve supervision, with monthly attestations by Deloitte. As the GENIUS framework prohibits issuers from directly paying yield, Falcon Finance will distribute Treasury-backed returns to eligible institutional holders through a separate rewards structure.