What f(x) Protocol fxUSD is designed to do
f(x) Protocol fxUSD (FXUSD) is a fiat-backed stablecoin, currently ranked 351st by market capitalization among the assets we track. f(x) Protocol fxUSD is a fiat-backed stablecoin: each token is meant to be redeemable for a reference currency held in reserve, so its job is to stay flat, not to appreciate. It is plumbing for the crypto economy rather than a bet on price.
f(x) Protocol fxUSD (FXUSD) is a decentralized stablecoin designed to maintain a stable value pegged to the US dollar, leveraging the f(x) Protocol ecosystem for enhanced utility and liquidity. It aims to facilitate secure and efficient transactions within decentralized finance applications.
How the peg is meant to hold
The mechanism is straightforward in theory — one token, one unit of reserve — but it depends entirely on the issuer actually holding and honoring those reserves. Attestation quality is therefore the core risk.
Background & fundamentals
In sector terms it is most often filed under Ethereum (ETH) Token (ERC-20) and Stablecoin.
Where f(x) Protocol fxUSD sits in the market
With FXUSD near $0.9996, f(x) Protocol fxUSD carries a market capitalization of $52.77M. Around $5.66M changes hands across exchanges in a typical 24-hour window. That is a turnover of about 10.72% of the float — elevated, often a sign of narrative-driven trading.
f(x) Protocol fxUSD carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. At the current $0.9996, FXUSD sits essentially at its record high — the riskier end of the range for fresh entries.
What the price history shows
The tape currently reads 24-hour -0.07%, 7-day -0.02%.
Volatility profile
Recent action puts f(x) Protocol fxUSD in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets.
How to evaluate a stablecoin like f(x) Protocol fxUSD
A grounded read on FXUSD comes down to three questions:
- Reserve quality — what backs FXUSD — cash and short Treasuries are safer than commercial paper or crypto collateral — and who attests to it.
- Redemption access — whether holders can actually redeem at par, and how quickly, under stress.
- Regulatory standing — the issuer's jurisdiction and licensing, which increasingly determines which stablecoins survive at scale.
This page pulls live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model into one view so you can work through those questions in a single place. None of it is investment advice — it is a structured starting point for your own research.
