f(x) Protocol fxUSD
$0.9994
Data from CoinGecko, on-chain analytics, and official project documentation. View methodology
- Cryptocurrency
- f(x) Protocol fxUSD (FXUSD)
- Sector
- Stablecoin
- Market Cap Rank
- #321
- Current Price
- $0.9994
- Market Capitalization
- $79.49M
Cycle Potential
0x
cycle scenario · ~2029 window
Risk Level
0/10
Low Risk
Market Cap
$79.49M
Volume
$6.80M
Circulating Supply
79.54M
0.0% not yet in circulation
Total Supply
79.54M
What is f(x) Protocol fxUSD?
f(x) Protocol fxUSD (FXUSD) is a stablecoin designed to maintain a stable value, typically pegged 1:1 to a fiat currency like the US dollar. It is currently ranked #321 by market capitalization, trading at $0.9994 with a total market cap of $79.49M.
How does f(x) Protocol fxUSD work?
f(x) Protocol fxUSD is a decentralized USD-pegged stablecoin minted by f(x) Protocol, an on-chain platform that pairs stablecoin issuance with ETH and WBTC leverage products. The protocol says fxUSD is not algorithmic: it is fully collateralized, with current V2 backing centered on wstETH and WBTC, and is designed to maintain a strong dollar peg through mint/redemption, deep fxUSD/USDC liquidity, Stability Pool operations, and Chainlink oracle-based pricing. CoinGecko lists fxUSD on Ethereum...
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Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions. Cryptocurrency investments are volatile and carry significant risk.