Bitcoin remains steady above $91,000. These days without much hype actually give some projects a breather—allowing them to focus on building truly useful infrastructure that can't be bought through speculation.

Falcon Finance is such a team. This protocol doesn't plan to rely on headlines for survival but is doing two things: expanding the types of assets backing USDf and strengthening the risk control mechanisms that ensure the credibility of synthetic USD.

Why is this worth watching? USDf is moving from the conceptual stage to real application. Recently, its supply just broke the $1 billion mark, with the reserve backing it exceeding $2 billion.

In simple terms, someone is putting effort into refining the product rather than constantly trying to create buzz. This pragmatic attitude is actually quite rare in this industry.