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![Scroll_ZKP Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1361909631187001350.png) Scroll [@Scroll_ZKP](/creator/twitter/Scroll_ZKP) on x 804.6K followers
Created: 2025-07-18 17:17:59 UTC

Building a fully decentralized stablecoin is hard

And doing it with zero borrowing costs seemed impossible

fxUSD just hit $80M market cap, proving it works

@cyrille_briere from @protocol_fx explains explains how they made it happen.

Timestamps:
00:00 - Introduction
00:58 - How does fxUSD work? (and where yield comes from)
04:33 - Three key differences from regular CDPs
6:26 - Stablecoin landscape: only XXX% are decentralized
9:02 - Defining decentralized stablecoins
11:25 - TVL growth
12:50 - Go-to-market strategy targeting DeFi leverage users
15:07 - Community-funded DAO: no VCs, no team allocation
16:36 - Liquidation break mechanism
19:50 - Stability pool and peg-keeping mechanisms
24:53 - Current fxUSD use cases
27:28 - Roadmap: shorts, limit orders, and new chain deployments
29:09 - Growing without VC pressure (or existential crisis)

![](https://pbs.twimg.com/amplify_video_thumb/1946256719174139907/img/Vppkx5RiXsesyJi3.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946258157078041057/c:line.svg)

**Related Topics**
[market cap](/topic/market-cap)
[$80m](/topic/$80m)
[fxusd](/topic/fxusd)
[coins stablecoin](/topic/coins-stablecoin)
[decentralized](/topic/decentralized)

[Post Link](https://x.com/Scroll_ZKP/status/1946258157078041057)