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The sfrxUSD/frxUSD Exchange Rate Launches on the API3 Market

Twitter icon  •  Published 1 year ago on March 10, 2025  •  Hassan Maishera

On Friday, the API3 team announced via X that the sfrxUSD/frxUSD Exchange Rate is now available on the API3 Market.

The sfrxUSD/frxUSD Exchange Rate Launches on the API3 Market

On Friday, the API3 team announced via X that the sfrxUSD/frxUSD Exchange Rate is now available on the API3 Market. $sfrxUSD is the yield bearing stablecoin implemented as an ERC4626 token and can always be redeemed for the underlying $frxUSD with no unstaking fee or price impact.

Thanks to this latest integration, developers can start building with this new feed across 40+ blockchains. 

API3 is a data oracle that enables APIs to feed data to blockchain applications directly without third-party middlemen. API3 is trading at $0.548, down 810% in the last 24 hours.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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