# Falcon USD (USDF) Quantum Readiness Report

> Falcon USD has a QRI score of 0/100 and is assessed at Stage 0 (Unassessed / No Evidence) with none evidence confidence.

Evaluation date: 2026-06-02. Review status: draft. Evaluated scope: USDF token (ERC-20/BEP-20) across all deployed chains, including admin/governance keys, reserve custody, and bridging dependencies.

Falcon USD (USDF) is a ~$1.62B market-cap overcollateralized synthetic dollar deployed as a standard upgradeable ERC-20/BEP-20 proxy token across Ethereum, BSC, XDC, and Base. It has zero quantum-readiness posture. The project has published no cryptographic inventory, no quantum risk assessment, no PQ migration roadmap, and no quantum-related content of any kind in any official documentation, audit, or roadmap. All spend authorization is inherited from classically ECC-based host chains. Admin control sits behind a 4-of-6 Safe multisig using classical ECDSA. Reserve custody (~$1.76B in backing assets as of March 2026) relies on classical MPC from Fireblocks, Ceffu, BitGo, and ChainUp, with 93.6% held in multisig wallets. No public source code repository exists for independent review. Classical smart contract audits (Zellic, Pashov) cover zero quantum considerations. Falcon Finance's published 2025–2026 roadmap addresses RWA integrations, fiat rails, and institutional products exclusively. QRI Score: 0/100 — Stage 0 (Unassessed / No Evidence). The project is entirely quantum-unprepared across every applicable layer.

## Core resources

- [Falcon USD QRI report](https://qrindex.org/projects/falcon-finance/): Human-readable assessment with score, stage, evidence, blockers, risks, and assurance notes.
- [Falcon USD structured report data](https://qrindex.org/projects/falcon-finance/report.json): Complete report as JSON for deterministic machine processing.
- [QRI methodology](https://qrindex.org/methodology/): Scoring model, evidence handling, readiness stages, confidence, assurance, and report status.
- [All QRI project reports](https://qrindex.org/llms.txt): Score-ranked index of every published project assessment.
- [Falcon USD official website](https://www.coingecko.com/en/coins/falcon-finance): Project-maintained website.



## Evidence sources

- [Evidence source 1](<https://falcon.finance/>): Public source cited by the Falcon USD QRI assessment.
- [Evidence source 2](<https://docs.falcon.finance/>): Public source cited by the Falcon USD QRI assessment.
- [Evidence source 3](<https://llamarisk.com/research/asset-risk-usdf>): Public source cited by the Falcon USD QRI assessment.
- [Evidence source 4](<https://finbold.com/falcon-finance-audit-confirms-usdf-stablecoin-fully-backed-by-reserves/>): Public source cited by the Falcon USD QRI assessment.
- [Evidence source 5](<https://etherscan.io/address/0xFa2B947eEc368f42195f24F36d2aF29f7c24CeC2>): Public source cited by the Falcon USD QRI assessment.
- [Evidence source 6](<https://bscscan.com/address/0xb3b02E4A9Fb2bD28CC2ff97B0aB3F6B3Ec1eE9D2>): Public source cited by the Falcon USD QRI assessment.
- [Evidence source 7](<https://docs.falcon.finance/resources/smart-contracts>): Public source cited by the Falcon USD QRI assessment.
- [Evidence source 8](<https://etherscan.io/token/0xfa2b947eec368f42195f24f36d2af29f7c24cec2>): Public source cited by the Falcon USD QRI assessment.
- [Evidence source 9](<https://falcon.finance/news/how-falcon-finance-manages-risks>): Public source cited by the Falcon USD QRI assessment.
- [Evidence source 10](<https://coinmarketcap.com/currencies/falcon-finance/>): Public source cited by the Falcon USD QRI assessment.
- [Evidence source 11](<https://falcon.finance/news/march-2026-usdf-holds-steady-at-163b-supply-as-tokenized-equities-cross-1b-milestone>): Public source cited by the Falcon USD QRI assessment.
- [Evidence source 12](<https://docs.falcon.finance/resources/roadmap>): Public source cited by the Falcon USD QRI assessment.
- [Evidence source 13](<https://github.com/falconfinance/v2-core>): Public source cited by the Falcon USD QRI assessment.