Falcon Finance and HOT Wallet Strategic Alliance
On May 27, 2025, in Dubai, Falcon Finance announced a strategic alliance with HOT Wallet aimed at integrating USDf—its overcollateralized synthetic dollar—into the HOT Wallet platform. This collaboration will provide users with enhanced opportunities for activities like staking, liquidity farming, and earning rewards points.
Milestones and User Safety
Since its launch in April 2025, Falcon Finance has reached notable benchmarks, including exceeding $350 million in the circulating supply of USDf. The project prioritizes user safety and operational clarity, ensuring that reserves are held in secure MPC-based wallets while undergoing regular audits by third-party firms.
To mint USDf, users can utilize various forms of collateral such as USDT, USDC, ETH, BTC, SOL, TON, and NEAR.
Leadership Insights
Andrei Grachev, Managing Partner at Falcon Finance, expressed his enthusiasm about the integration, stating, “Our mission is to establish core infrastructure for crypto capital markets. By collaborating with HOT Wallet, we can broaden this vision and make it accessible to retail users through a reliable and efficient interface. Together, we aim to provide structured yields and robust functionalities for USDf, paving a compliant route to on-chain financial solutions.”
HOT Wallet’s Role and Expansion
Leading the integration efforts is Andrey Zhevlyakov, CTO of HOT Wallet and a well-known figure in the Web3 space as a co-founder of HERE Wallet and FORA Vision. Under his leadership since 2024, HOT Wallet has expanded its user base to over 30 million and introduced vital features such as advanced swaps and intent-based trading.
Zhevlyakov commented on the importance of stablecoins in the crypto landscape, noting that “USDf is a quick, secure, and functional stablecoin. Our aim is to implement USDf infrastructure throughout HOT Wallet—from swaps to rewards and farming functionalities.”
Integration Benefits and Future Outlook
The USDf will be prominently included in HOT Wallet’s Earn section, allowing for easy balance tracking, restaking, and conversions directly within the app. To simplify compliance and onboarding processes, HOT Wallet will act as the staking front-end and the Know Your Customer (KYC) provider. This collaboration enables Falcon to offer impressive annual percentage yields of up to 35%—a blend of cash and points-based rewards—for vault volumes over $20 million.
This partnership signifies a pivotal advancement in Falcon Finance’s ongoing initiative to broaden its operational framework across retail gateways, facilitating modular, scalable access to finance based on synthetic dollars.
