FolgoryUSD

Folgory Exchange and Hashfort Financial Limited created the FolgoryUSD stable coin which is intended to enable payments for store merchant, white-label, and Folgory fee services.

USDF is reportedly issued by Hashfort, and backed by fully reserved assets, and redeemable on a 1: 1 basis for US dollars. USDF is governed by Folgory, a membership-based consortium that sets technical, policy, and financial standards for stablecoins.