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About f(x) Protocol fxUSD
Analysis of 19 Jun 2026f(x) Protocol fxUSD is a decentralized USD-pegged stablecoin minted by f(x) Protocol, an on-chain platform that pairs stablecoin issuance with ETH and WBTC leverage products. The protocol says fxUSD is not algorithmic: it is fully collateralized, with current V2 backing centered on wstETH and WBTC, and is designed to maintain a strong dollar peg through mint/redemption, deep fxUSD/USDC liquidity, Stability Pool operations, and Chainlink oracle-based pricing.
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CoinGecko lists fxUSD on Ethereum and Base, with a price near $0.997, market cap around $56.5M, circulating supply equal to total supply, and roughly $1.4M in daily volume on June 19, 2026.
