From Tokenized Assets to Everyday Spending: Introducing Falcon Card

Published 20 Jul 2026

Bringing real-world assets onchain is only the beginning. What matters next is whether they can be used as collateral, liquidity, and eventually, spending power.

Falcon Finance was built on that idea: liquid assets should do more than sit in a wallet. Through Falcon, users can deposit eligible collateral to mint USDf, an overcollateralized synthetic dollar that can be held, used across DeFi, or staked separately into sUSDf for yield.

Today, Falcon Card extends that system into everyday spending, designed for seamless payments online, in store, and through compatible mobile wallet services where available.

Users can mint USDf through Falcon using eligible collateral, or acquire USDf through secondary markets, then move it into Falcon Card for spending.

In simple terms, Falcon Card connects what users hold, the liquidity they unlock, and the payments they make.

USDf as the bridge between collateral and spending

USDf is designed to turn eligible collateral into onchain dollar liquidity. 

Users can deposit supported assets, including stablecoins, major crypto assets, tokenized gold, and supported tokenized equities, to mint USDf.

Supported tokenized assets now include tokenized gold such as XAUt, Ondo tokenized stocks (COINon, QBTSon, NVDAon, MSTRon, TSLAon) as well as xStocks (MSTRX, SPYx, CRCLX, NVDAX, TSLAX.)

A tokenized asset becomes more useful when it can function as collateral, unlock liquidity, and support real-world spending.

Built for real-world use

Falcon Card is available to eligible verified users in 90+ supported jurisdictions. It is designed with simple user economics, with no annual subscription fee and no additional Falcon fee beyond applicable FX-related charges.

Funds held on Falcon Card are designed for spending and do not earn yield. Users who want yield can separately stake USDf into sUSDf.

Falcon Miles Season 2 will also reward card-related activity, giving users another way to participate in the Falcon ecosystem as they use USDf.

From onchain liquidity to everyday utility

Tokenized assets are becoming easier to access, and Falcon is making them more useful.

Falcon Card is the spending layer for Falcon’s collateral infrastructure, extending USDf from onchain liquidity into everyday payments. 

Apply for your Falcon Card here. Everything you need to get started is available in our docs here.