Did you know that Falcon @FalconStable broke its peg last July?
I guess no one who did USDf back then is around anymore, lol.
Everyone ran away saying it was a Ponzi scheme, but what was the result?
It didn't collapse and reached a Total Backing of $1.72b, with a supply of 1.65b, wow.
Sometimes, the ones that almost die end up being the strongest.
It has already passed the most severe stress test in the market.
$DAI isn't even 1:1 backed, yet it holds up well.
In fact, Falcon plans to add RWA collateral, so it could become even stronger in the future.
All those minor issues like bad debts can ultimately be covered by making good profits and using an insurance fund.
The most important thing is that their revenue model actually works.
All the FUD has already come out, and isn't it significant that they endured it? lol.
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