September 2026: A national stablecoin becomes USDf collateral Inside Falcon's September 2026: KGST Classic Mint as USDf collateral, one year of FF, and USDf at $1.21b. Read More
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Falcon Finance added Kyrgyzstan’s som-pegged KGST as eligible collateral for minting USDf in September. USDf supply was listed at $1.21 billion as of September 30, with total reserves at $1.90 billion and a 156.47% backing ratio.
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What it means
Users and institutions that can already use Classic Mint now have KGST available as another eligible input, and that changes what they can place into the minting flow today. Falcon’s September update also says USDf can still be spent on Falcon Card, so the integration sits alongside the existing uses rather than replacing them.
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