Falcon Finance recorded the highest weekly growth among stablecoin issuers for the period ending October 19, 2026. Its USDf stablecoin added $64.6 million in market capitalization, surpassing the combined growth of Open Standard and United Stables.
Open Standard's OUSD grew by $36.1 million, while United Stables added $23.3 million during the same week. SoFi also saw growth of $21.3 million. The circulating supply of USDf reached between approximately $1.72 billion and $1.83 billion in late October 2026.
Falcon Finance, which launched in early 2025 and is supported by DWF Labs, allows minting USDf against various assets, including real-world assets and the Kyrgyzstan-backed KGST stablecoin. The company also provides a yield-bearing version called sUSDf.
Open Standard launched its OUSD stablecoin on September 30, 2026. The project is backed by a consortium including Coinbase, Mastercard, Stripe, and Visa, which collectively committed over $1 billion in liquidity to the initiative.
