fxUSD

$80M market cap

Issued by f(x) Protocol · reviewed 8 September 2026

Market cap: $80M +5.64% 7d
30-day trend
Volume / market cap: 1.5%
Peg drift, 30 days: 0.19%

Market data as of 8 September 2026, the same daily snapshot the tracker publishes. Peg drift is the largest single-day distance from par over the last 30 days, for USD-pegged tokens only.

Last verified 2026-07-11. 2 of the 8 fields shown are recorded but not yet verified and are marked below; 4 further tracked fields are not recorded.

fxUSD is f(x) Protocol's USD-pegged stablecoin. The official site states that fxUSD is backed by wstETH and WBTC and can be minted or redeemed through protocol mechanisms rather than through fiat reserves.

01

Instrument facts

8 of 12 tracked fields recorded

Symbol	fxUSD
Peg	USD
Backing	Crypto backed
Status	Active
Launched	2024
Networks	L1 EVM Ethereum unverified
Specifications	Backing wstETH collateral; WBTC collateral Auditor Secbit; Trail of Bits; OpenZeppelin Redemption Protocol documentation states that fxUSD can be redeemed at oracle price for reserve collateral, including stETH or WBTC depending on reserve composition. unverified
Use cases	DeFi collateral, Settlement

02

Supply by chain

1 chains · $79M total

Chain	Supply
Ethereum	$79M

Chains holding at least $1M of this token, from the daily cross-chain compilation. The total may differ from the market capitalization above, which is a separate measurement.

03

Contract addresses

2 chains

Chain	Address
Base	`0x55380fe7a1910dff29a47b622057ab4139da42c5`
Ethereum	`0x085780639cc2cacd35e474e71f4d000e2405d8f6`

Addresses as recorded for this token. Verify against the issuer's own published address before sending funds.

Official site · Whitepaper

04

Background

## Overview fxUSD is f(x) Protocol's USD-pegged stablecoin. The official site states that fxUSD is backed by wstETH and WBTC and can be minted or redeemed through protocol mechanisms rather than through fiat reserves. ## Key Features - Collateral split into a stablecoin component and leveraged xPOSITION exposure - fxUSD is fully collateralized rather than algorithmic - Stability mechanisms include an fxUSD/USDC pool and a stability pool peg keeper - fxMINT allows minting fxUSD against ETH or WBTC with no annual interest rate ## Reserve Backing wstETH collateral; WBTC collateral.

Compiled from issuer disclosures, on-chain data and market data. f(x) Protocol · Methodology