Is Frax Staked frxUSD (SFRXUSD) halal or haram?
Not screened yet
We have not run our Shariah screening on Frax Staked frxUSD yet, so we are not giving a ruling on this page. What is below is what we have gathered and checked ourselves, without any AI: where the coin lives, its supply, what its own blockchain says about who can freeze or create coins, and the project's own documents.
What it is
Staked Frax USD (sfrxUSD) is the yielding stablecoin implemented as an ERC4626 token. sfrxUSD is fully redeemable for frxUSD at an increasing rate proportional to the yield mechanism (described below). sfrxUSD is not rebasing and can always be redeemed for the underlying frxUSD with no unstaking fee or price…
The basics
- Where it lives
- token on ethereum (also on sei-v2, x-layer, sonic, mode, fraxtal, arbitrum-one, katana)
- Circulating supply
- 27,394,247 SFRXUSD
- Total supply
- 27,394,447 SFRXUSD
- Category
- Arbitrum Ecosystem, Liquid Staking Tokens, Ethereum Ecosystem
Who controls the coins
Read from the token's verified contract on Ethereum (0xcf62f905562626cfcdd2261162a51fd02fc9c5b6) on 2026-09-23: it has addMinter (held by an account we could not identify), mint (held by an account we could not identify), minter_burn_from (held by an account we could not identify), minter_mint (held by an account we could not identify); what these allow is checked at screening. Its code can be replaced by whoever holds the upgrade power.
Whether anyone can freeze a holder's balance, or create new coins, is part of our screening. This much is read straight from the blockchain, so it is already established before any screening runs.
The project's own sources
Checked on 23 September 2026. Every address above was fetched once to confirm it loads.