Convert FRAXon Ethereum to USTBLon Ethereum
Swap Frax (prev. FXS) (FRAX) on Ethereum to Spiko US T-Bills Money Market Fund (USTBL) on Ethereum at the best cross-chain rate. SwitchFi routes your FRAX → USTBL exchange across the top DEXs and bridges and settles straight from your wallet — non-custodial, no account, no sign-up.
FRAX to USTBL market data
| Metric | FRAX · Ethereum | USTBL · Ethereum |
|---|---|---|
| Price | $0.2516 | $1.09 |
| Market cap | $23.55M | $168.38M |
| 24h volume | $1.07M | $50 |
| 24h change | +6.67% | +0.01% |
| 7d change | +2.16% | +0.08% |
| 24h high / low | $0.2536 / $0.2354 | $1.09 / $1.09 |
| All-time high | $42.80 | $1.09 |
| Market cap rank | #752 | #188 |
What is the FRAX to USTBL exchange rate?
At the current market price, 1 FRAX ≈ 0.23105326 USTBL, and 1 USTBL ≈ 4.328 FRAX. The rate moves with the market; the exact amount you receive is quoted from live liquidity in your wallet before you sign.
Frax (prev. FXS) is the smaller side of this pair — Spiko US T-Bills Money Market Fund's market capitalisation of $168.38M is roughly 7.1× larger than Frax (prev. FXS)'s $23.55M. FRAX holds rank #752 while USTBL holds #188 by market capitalisation. Day-on-day, FRAX printed +6.67% and USTBL printed +0.01%, meaning the exchange rate between them has moved in FRAX's favour. On a 7-day view the tape shows FRAX +2.16% and USTBL +0.08%. Daily turnover runs at $1.07M for FRAX and $50 for USTBL, so routed swaps between the two settle at market rates without moving the price.
FRAX to USTBL converter & price calculator
Indicative, based on current market prices. Get a live quote in the swap.
FRAX / USTBL conversion tables
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Live quote, net of DEX/bridge/gas fees. The final amount is confirmed in your wallet at execution.
Indicative estimate — the exact amount is confirmed in your wallet at execution.
About Frax (prev. FXS) and Spiko US T-Bills Money Market Fund
With a total market value of $23.55M, Frax (prev. FXS) (FRAX) sits at #752 among all cryptocurrencies. The price sits 99.4% under the record high of $42.80. There are currently 93.61M FRAX in circulation. FRAX has moved +2.16% week-on-week and -8.34% over 30 days. Its 24-hour trading volume is $1.07M.
Spiko US T-Bills Money Market Fund (USTBL) ranks #188 by market capitalisation at $168.38M. It is trading close to its all-time high of $1.09. There are currently 154.60M USTBL in circulation. Over the last 7 days USTBL is +0.08%, and +0.28% across 30 days. Around $50 of USTBL changes hands every 24 hours.
How to convert FRAX to USTBL
- 1 Enter the amount of FRAX on Ethereum you want to convert — the swap widget on this page is prefilled with the FRAX → USTBL pair.
- 2 Connect a compatible wallet: MetaMask, OKX, Trust Wallet, TokenPocket, TronLink, UniSat, Phantom and others.
- 3 Review the quoted route — the estimated and minimum amount of USTBL on Ethereum you will receive, plus network, DEX and bridge fees, are all shown before you sign.
- 4 Confirm the transaction in your wallet and track the swap on the My transactions page until the funds arrive.
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FRAX to USTBL FAQ
What is the FRAX to USTBL exchange rate?
At current prices one FRAX converts to about 0.23105326 USTBL, and one USTBL to about 4.328 FRAX. The figure tracks the market in real time — the binding rate is the one quoted at execution.
How to swap, exchange or convert FRAX to USTBL on SwitchFi?
Enter the amount of FRAX you want to pay, connect your wallet, review the quote and confirm. SwitchFi routes the swap across DEXs and bridges to the best FRAX→USTBL path — non-custodial, straight from your wallet.
Is the FRAX to USTBL swap instant?
If both assets live on the same chain the swap confirms within seconds. Cross-chain conversions add a few minutes of bridge confirmation time, with live status tracking throughout.
Are there fees to convert FRAX to USTBL?
SwitchFi shows the network, DEX and bridge fees up front in the quote. You always see the minimum you'll receive before confirming — there are no hidden custody fees because you never give up control of your funds.
Do I need an account to exchange FRAX for USTBL?
No. SwitchFi is a non-custodial router — connect a compatible wallet and swap. No sign-up, no KYC to use the on-chain swap.
Market data by CoinGecko, cached server-side. Prices are informational — the exact swap rate is quoted at execution time.