Falcon Finance Integrates USDf With Altery's Regulated Payment Infrastructure, Enabling Fiat Off-Ramps for Synthetic Dollar Holders

Falcon Finance, issuer of the overcollateralized synthetic dollar USDf, today announced the integration of USDf into Altery's crypto-to-fiat infrastructure through a partnership with Synterra Connect. The collaboration enables USDf holders to convert their holdings into fiat currencies and access regulated payment services.

The integration allows USDf holders to transfer tokens to a Synterra Connect address for conversion, with corresponding fiat balances credited directly to users' Altery accounts. From there, users can access banking rails including SEPA transfers, SWIFT cross-border payments, local transfers, and card products. At launch, GBP, EUR, and USD are supported, with the ability to send fiat directly to bank cards.

The integration provides a live example of how digital dollar activity can be routed through regulated payments infrastructure, as stablecoin-specific frameworks continue to evolve.

“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,” said Artem Tolkachev, Chief RWA Officer at Falcon Finance. “This integration gives them that flexibility without forcing them to choose between DeFi yields and real-world obligations.” 

Following conversion, fiat balances credited to a user’s Altery account can be transferred via regulated payment rails including SEPA, SWIFT, and card products, with client funds safeguarded under Altery’s FCA-authorised EMI framework. Falcon Finance and USDf operate separately from these regulated payment services.

Previously, businesses and professionals operating in digital asset markets faced substantial friction in moving between onchain treasury positions and traditional financial rails. Under the integration, a trading firm or Web3 treasury can maintain yield-generating positions in Falcon's sUSDf vault while accessing fiat liquidity for payroll, supplier payments, or operational expenses without fully exiting their on-chain strategy.

Regulatory Structure

Altery Ltd. is authorized by the UK Financial Conduct Authority as an Electronic Money Institution (FRN 901037), covering fiat accounts and payment services. Client funds are safeguarded in accordance with FCA requirements. From Altery's regulated environment, converted funds can be moved through local and international bank rails, access supported card products, or facilitate payments in major currencies. 

Crypto-to-fiat conversion is provided by Synterra Connect (Synterra Innovations Ltd), a FINTRAC-registered Money Services Business.

Falcon Finance and USDf operate independently of these regulatory frameworks. The structure separates on-chain synthetic dollar issuance from regulated fiat services, allowing each component to operate within its respective compliance perimeter.

The partnership marks the first stage of a broader collaboration between the three organizations, with additional features including card-linked and payment-oriented solutions under evaluation for select jurisdictions.