Is Frax Share (FXS) halal or haram?

Raises serious concerns. Built around interest-bearing mechanisms — a riba concern.

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FXS

Frax Share FXS

Stablecoin

StatusRaises serious concerns

Live price…

What it is

Governance token of an algorithmic-stablecoin and lending system.

Why this assessment

Built around interest-bearing mechanisms — a riba concern.

Key considerations

Riba (interest)Stablecoin reserves

This website is an educational resource, not a religious edict (fatwa). Qualified scholars differ on cryptocurrencies; the assessments here are based on widely-recognised principles of Islamic finance and are provided for learning only. Always consult a qualified scholar before making any decision, and remember that nothing here is financial advice.