Falcon Finance Enables Seamless Crypto-to-Fiat Conversion for USDf Holders

Falcon Finance, issuer of the overcollateralized synthetic dollar USDf, is excited to announce the groundbreaking partnership of USDf into Altery’s crypto-to-fiat infrastructure via integration with Synterra Connect. The primary purpose of this integration is to enable USDf holders to seamlessly convert their holdings into fiat currencies and access regulated payment services easily.

This alliance permits USDf holders to convert their tokens with two steps: firstly, holders need to transfer their tokens to a Synterra Connect address for conversion, then get a fiat balance from Altery accounts. At that spot, users can easily get access to banking rails such as SEPA transfers, SWIFT cross-border payments, local transfers, and card products.

Bridging DeFi Yield with Regulated Fiat Payments Infrastructure

This integration is the real depiction of how digital dollar activity can be routed via a regulated payments infrastructure. Artem Tolkachev, Chief RWA Officer at Falcon Finance, said, “Trading desks and crypto treasuries have been asking for a way to earn yield on-chain while still being able to pay suppliers in euros or pounds. This integration gives them that flexibility without forcing them to choose between DeFi yields and real-world obligations.”

After a successful conversion process, fiat balance of users can easily be transferred through regulated payment rails, including SEPA, SWIFT, and card products. All this process is completed under high protection, ensuring that there is no sign of any breach of assets. Altery’s FCA-automated EMI framework monitors all these processes from start to end.

Enabling Web3 Treasuries to Pay in Fiat without Leaving DeFi

In the past, many businesses and professionals operating faced many difficulties in the digital asset markets in moving on-chain treasury positions and traditional financial rails. With this integration, a trading firm or Web3 treasury is able to retain yield-generation positions in Falcon’s USDf vault while acquiring fiat liquidity for payroll without fully exiting their on-chain strategy.

As Altery is certified by the UK Financial Conduct Authority as an Electronic Money Institution, covering most of the fiat accounts and payment services. Clients’ funds are fully protected by the FCA requirements; after that, clients can move their funds to local and international banks where they want to be. This partnership marked the first step of a wider collaborative agreement between the three organizations, with additional features such as card-linked and payment-oriented solutions under jurisdiction.