# frxUSD Is Now Live on StableFlow

*A brand new addition to StableFlow’s crosschain routing layer.*

By [StableFlow](https://paragraph.com/@stableflow) · 2026-04-13

stablecoins, near-intents, frax-finance, stableflow, stp

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frxUSD, the USD stablecoin within the Frax ecosystem, is now live on StableFlow. Users can convert between frxUSD and USDC/USDT across 25+ chains from a single interface, and transfer frxUSD between supported networks.

This is the first asset expansion beyond USDC and USDT on StableFlow.

![](https://storage.googleapis.com/papyrus_images/d2ee6ca049d036299cc5f803cd9a2896a2d36aaac907ae56c32ffc5607008a23.webp)

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What is frxUSD?
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frxUSD is a fully collateralised, fiat-redeemable stablecoin backed by BlackRock’s BUIDL fund (cash, U.S. Treasury bills, repurchase agreements) and tokenised by Securitize. It was designed for GENIUS Act compliance from day one, and launched on Aave V4 as a default stablecoin within the Bluechip configuration days after its debut.

frxUSD currently has over $114M in supply, with native deployments across 10+ chains via LayerZero’s OFT standard. Sonic built its entire native dollar (USSD) on top of frxUSD infrastructure.

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Why this matters
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frxUSD already moves natively across chains via FraxZero and LayerZero. That infrastructure works.

What hasn’t existed until now is a simple way to convert between frxUSD and other major stablecoins across chains. If you hold USDC on Arbitrum and want frxUSD on Fraxtal, or you hold frxUSD on Ethereum and need USDT on Solana, the process has been fragmented and manual.

StableFlow solves this. By combining FraxZero for native frxUSD movement with NEAR Intents for stablecoin conversion, StableFlow provides a single interface to move between frxUSD, USDC, and USDT across 25+ chains with the same capital efficiency, low fees, and atomic settlement that already power every StableFlow transfer.

The stablecoin market is heading towards $3.7 trillion in total supply by 2030. Under the GENIUS Act, the number of issuers is expanding from roughly 20 to potentially hundreds. frxUSD is the first new stablecoin on StableFlow, but it won’t be the last. As StableFlow adds more assets, frxUSD holders will be able to convert directly into any supported stablecoin from the same interface.

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How it works
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StableFlow routes frxUSD through two complementary layers.

### **Converting between frxUSD and USDT/USDC**

This is the core use case StableFlow unlocks for frxUSD. For conversions from frxUSD into USDT or USDC, StableFlow bridges the frxUSD to Ethereum via FraxZero (if needed), redeems it into USDC through Frax’s on-chain contracts, then routes the USDC to the destination chain and asset via NEAR Intents. The reverse path works the same way: NEAR Intents moves the source stablecoin into Ethereum USDC, which is minted into frxUSD and bridged to the target chain via FraxZero.

Multi-step routes are automated. The user confirms a single transaction. The backend handles the remaining hops using pre-signed authorisations.

### **Transferring frxUSD between chains**

For transfers where the input and output are both frxUSD on different chains, StableFlow routes through FraxZero directly. No conversion to another stablecoin is involved.

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What you can do now
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Convert between frxUSD, USDT, and USDC across supported chains at [stableflow.ai](http://stableflow.ai). Transfer frxUSD between networks from the same interface. The same low fees, atomic settlement, and 1:1 rates apply.

For full technical details on how frxUSD routing works, see the docs: [frxUSD Routing](https://docs.stableflow.ai/overview/how-stableflow-works/smart-routing/frxusd-routing).

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About StableFlow
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StableFlow is an intent-based liquidity network dedicated to moving stablecoins at scale. We offer a fast and secure protocol that enables effortless crosschain transfers and swaps with the best available rates and 1:1 execution.

[**Explore StableFlow**](https://stableflow.ai/) | [**Follow on X**](https://x.com/0xstableflow) | [**Read Docs**](https://docs.stableflow.ai/) | [**Read Blog**](https://paragraph.com/@stableflow)

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*Originally published on [StableFlow](https://paragraph.com/@stableflow/frxusd)*