What Staked Frax USD is designed to do
Staked Frax USD (SFRXUSD) is a fiat-backed stablecoin, currently ranked 510th by market capitalization among the assets we track. Staked Frax USD 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.
Staked Frax USD (SFRXUSD) is a stablecoin that represents staked Frax USD, providing liquidity and rewards while maintaining dollar-pegged value. It is part of the Frax Finance ecosystem, enhancing the utility of its stablecoin.
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 Stablecoin, Liquid Staking Token (LST), and Real World Assets (RWA).
Where Staked Frax USD sits in the market
Trading around $0.7119, Staked Frax USD carries a market capitalization of $24.89M. Around $8.37K changes hands across exchanges in a typical 24-hour window. That is a turnover of about 0.03% of the float — on the quieter side, which can mean thinner liquidity for large orders.
Staked Frax USD carries no fixed maximum supply; issuance follows a programmatic schedule rather than a hard cap. SFRXUSD remains -98% beneath its all-time high of $36.38, the kind of gap that historically takes a full cycle or a fresh catalyst to close.
What the price history shows
Across timeframes, SFRXUSD shows 24-hour -18.96%, 7-day -84.75%, 30-day +4.04%, 1-year -38.42%.
Volatility profile
Recent action puts Staked Frax USD in the Extreme-volatility band — it is in a high-volatility regime — these are the conditions where outsized gains and losses both become more likely. Over the last 30 days the move totals +4.04%, a useful input for stop placement and position sizing.
How to evaluate a stablecoin like Staked Frax USD
For an asset of this type, three lenses matter most:
- Reserve quality — what backs SFRXUSD — 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.
