Falcon Finance Releases First Independent Audit Confirming USDf Backed by Reserves

Falcon Finance's First Independent Audit Report

On October 1, 2025, Falcon Finance announced the publication of its first Independent Quarterly Audit Report regarding the reserves backing its digital currency, USDf. Conducted by the auditing firm Harris Trotter LLP, this report is a significant milestone for the company as it solidifies Falcon Finance's commitment to transparency and compliance in the ever-evolving financial technology landscape.

The report reveals that all USDf tokens in circulation are not just backed by reserves but that these reserves significantly exceed liabilities. This crucial declaration reassures holders of USDf tokens about the security and stability of their investments, particularly in a time when trust in cryptocurrencies is paramount.

The auditor's assurance was performed in accordance with the International Standard on Assurance Engagements (ISAE 3000). This comprehensive procedure included a thorough verification of wallet ownership, collateral valuation, user deposits, and the overall sufficiency of reserves. Falcon Finance has taken significant measures to ensure that all reserves are maintained in segregated, unencumbered accounts specifically allocated for USDf holders.

Furthermore, to enhance ongoing trust with its users, Falcon Finance has established a Transparency Page where weekly updates on USDf issuance and reserves will be made available. This initiative reflects the company’s dedication to fostering an environment of accountability through ongoing third-party reviews.

Andrei Grachev, Founding Partner of Falcon Finance, expressed his views on the importance of these independent audits in building user trust and maintaining a solid framework for stablecoin infrastructure. He emphasized that this review not only confirms the full collateralization of USDf but also highlights a diversified reserve base aimed at ensuring long-term resilience against market volatility.

Falcon Finance’s independent audit is a defining step toward establishing higher standards for transparency and collateral management in the stablecoin sector. The company has committed to releasing subsequent quarterly reports, contributing to a more transparent financial ecosystem. As the financial industry faces increasing regulatory scrutiny, Falcon Finance remains focused on upholding principles of transparency, independent validation, and effective collateral frameworks to instill confidence in USDf among its stakeholders.

Falcon Finance is on a mission to create a universal collateral infrastructure, enabling entities to convert any custody-ready asset—ranging from digital assets to currency-backed tokens and tokenized real-world assets—into USD-pegged onchain liquidity. By bridging onchain and offchain financial systems, Falcon offers institutions and capital allocators a simple pathway to unlock stable and yield-generating liquidity from their existing assets.

In conclusion, the publication of the independent Quarterly Audit report from Falcon Finance represents a stride toward greater transparency in the cryptocurrency arena. With confirmed reserves exceeding liabilities and real-time onchain verification, Falcon Finance is well-positioned to foster trust and encourage adoption in a rapidly growing market segment, ultimately paving the way for an innovative and compliant financial landscape.