What Staked Frax USD is designed to do
Staked Frax USD (SFRXUSD) is a fiat-backed stablecoin, currently ranked 400th 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 $1.20, Staked Frax USD carries a market capitalization of $41.95M. Around $13.67K 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. At the current $1.20, SFRXUSD sits essentially at its record high — the riskier end of the range for fresh entries.
What the price history shows
Across timeframes, SFRXUSD shows 24-hour +0.18%, 7-day -0.02%.
Volatility profile
Recent action puts Staked Frax USD in the Low-volatility band — it has been relatively stable, with moves typical of large-cap, mature assets.
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.
