What is USDf's quality score?

USDf (Falcon Finance) scores 26/100 on OnChain Benchmark's Stablecoin Quality Rating — Limited, as of Sep 26, 2026 (methodology v1.5-stablecoin).

How is USDf's quality score calculated?

OnChain Benchmark scores USDf across four equally weighted dimensions, each out of 25: reserve quality (12/25), redemption depth (0/25), transparency (7/25), holder concentration (not published — holder base too large or too widely distributed to measure to ground truth). The 26/100 composite reflects the three measured dimensions, renormalized. The full rubric is published at onchainbenchmark.com/methodology.

How concentrated is USDf's ownership?

OnChain Benchmark does not publish a holder-concentration figure for USDf: its holder base cannot be measured to ground truth (holder concentration is withheld rather than published as an unverifiable number). USDf's composite reflects its other measured dimensions.

What does Limited mean?

Under OnChain Benchmark methodology v1.5-stablecoin, composite scores grade as Verified Capital (≥ 85), Institutional-grade (≥ 70), Developing (55–69), and Limited (below 55). USDf scores 26/100, placing it in Limited. Note that one of four dimensions cannot yet be measured for this instrument: Its holder base is too large or too widely distributed to measure to ground truth, so the concentration figure is not published. The composite reflects the three measured dimensions, renormalized.

OCB — Quality Rating

USDf Quality Rating

Falcon Finance · Synthetic US dollar stablecoin from Falcon Finance (BVI), backed by a diversified collateral basket.

USDf (Falcon Finance) scores 26/100 on OnChain Benchmark's Stablecoin Quality Rating — rated Limited — across four dimensions: reserve quality 12/25, redemption depth 0/25, transparency 7/25, and holder concentration withheld (not measurable to ground truth) (methodology v1.5-stablecoin, as of Sep 26, 2026).

USDfStablecoin

Stablecoin Quality Rating

26/ 100

Limited

OCB — 01

USDf across four dimensions

Each dimension is scored out of 25, and the four add directly to the /100 composite — an equal-weight, plain sum. Last scored Sep 26, 2026 on methodology v1.5-stablecoin.

Dimension	Score
Reserve Quality	12 / 25
Redemption Depth	0 / 25
Transparency	7 / 25
Holder Concentration	Not measured
CompositeΣ (score)	26 / 100

Holder Concentration is withheld for this instrument. Its holder base is too large or too widely distributed to measure to ground truth, so the concentration figure is not published. The composite reflects the three measured dimensions, renormalized.

OCB — 02

OCB Instrument

Outstanding supply

Measured onchain daily, summed across every chain the fund is issued on. Latest reading $1.33B.

Source: USDf · Stablecoin Quality Rating · onchainbenchmark.com2026-09-26 · Measured daily

OCB — 03

OCB Instrument

Rating history

USDf’s quality rating, measured daily.

Source: USDf · Stablecoin Quality Rating · onchainbenchmark.com2026-09-26 · Recomputed daily

OCB — 04

Evidence behind the rating

A sample of the verified facts behind USDf's score. The full diligence trail is in the terminal.

Disclosure Qualitycontract address
Contract address verified on BNB Chain: 0xb3b02E4a9fB2BD28cc2FF97b0Ab3F6b3ec1eE9D2 (BNB Chain deployment)
Confirmed active onchain.
Verified Aug 10, 2026· instrument_deployments registry — chain_id 56
Disclosure Qualitycontract address
Contract address verified on Ethereum: 0xfa2b947eEc368f42195f24F36d2aF29f7c24CeC2 (primary deployment)
Confirmed active onchain.
Verified Aug 10, 2026· instrument_deployments registry — chain_id 1

OCB — 05

Key facts

Issuer: Falcon Finance
Asset class: Stablecoin
Methodology: v1.5-stablecoin
Last scored: Sep 26, 2026
Rubric: Stablecoin Quality Rating

Chains

ChainShare of measured supply

ETHEthereum

100.0%

0xfa2b94…24CeC2Explorer ↗

BNBBNB Chain

n/m

0xb3b02E…1eE9D2Explorer ↗

Cite this rating

Reference USDf's rating

Copy a ready-made citation. Every rating carries its methodology version and a stable permalink, so a citation stays accurate after a later rescoring run.

Plain

OnChain Benchmark (2026). USDf Quality Rating: 26/100 (Limited), as of Sep 26, 2026. Methodology v1.5-stablecoin. https://onchainbenchmark.com/instruments/usdf

Harvard

OnChain Benchmark (2026) 'USDf Quality Rating', OnChain Benchmark, Limited, 26/100, methodology v1.5-stablecoin. Available at: https://onchainbenchmark.com/instruments/usdf (Accessed: Sep 26, 2026).

BibTeX

@misc{ocb_usdf_2026,
  author = {{OnChain Benchmark}},
  title = {{USDf Quality Rating}},
  year = {2026},
  note = {26/100, Limited, methodology v1.5-stablecoin},
  url = {https://onchainbenchmark.com/instruments/usdf}
}

Or pull the data: USDf rating (CSV)

Full diligence trail

The interactive terminal shows every verified fact behind USDf's rating — the dimension-by-dimension breakdown, scoring history, outstanding supply, anomalies, and the complete evidence trail with sources.

View full diligence trail in the terminal →Read the methodology →