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FXUSD
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f(x) Protocol fxUSD (FXUSD)

What is f(x) Protocol fxUSD?

On V1, fxUSD is unlike anything else in DeFi. It is the first truly decentralized stablecoin with the scalability to compete toe-to-toe with centralized offerings. Its combination of strong peg, built in yield and zero slippage swapping makes it extremely user friendly, while the ingenious economic design grows the available liquidity automatically as a byproduct of providing serious value to constituent LSDs. For the f(x) V2, f(x) Protocol is a decentralized on-chain trading platform that enables stress-free leverage on ETH and WBTC while delivering the highest organic & sustainable yield on stablecoins. By utilizing an innovative mechanism, we offer up to 7X long or short exposure with minimum liquidation risk & funding costs. To fuel the leverage positions, the protocol mints fxUSD, a scalable & decentralized stablecoin with a strong peg to the dollar and backed by wstETH and WBTC.

Key Facts & Snapshot

  • Symbol: FXUSD
  • CoinGecko id: f-x-protocol-fxusd
  • Market cap rank (CoinGecko): #851
  • Categories: Stablecoins, USD Stablecoin, Ethereum Ecosystem, Base Ecosystem, Crypto-backed Stablecoin, Fiat-backed Stablecoin
  • Circulating supply (snapshot): 18,599,889
  • Total supply (snapshot): 18,599,889
  • All-time high (USD, CoinGecko): $1.04 (Mar 23, 2026)
  • All-time low (USD, CoinGecko): $0.9531 (Dec 5, 2024)

Market (USD snapshot)

  • Market cap (USD, snapshot): $18.58M
  • 24h volume (USD, snapshot): $386.31K
  • Fully diluted valuation (USD, snapshot): $18.58M
  • 24h price change (snapshot): +0.44%

Community & code (CoinGecko)

  • Telegram members (CoinGecko): 816

Contract addresses (by platform)

  • ethereum: 0x085780639cc2cacd35e474e71f4d000e2405d8f6
  • base: 0x55380fe7a1910dff29a47b622057ab4139da42c5

Official & Community Links

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