Freedom Dollar (fUSD): The Private Stablecoin on Zano

Freedom Dollar at a glance

Name

Freedom Dollar

Ticker

fUSD

Blockchain

Zano

Asset type

Confidential Asset (native Zano token standard)

Zano asset ID

86143388bd056a8f0bab669f78f14873fac8e2dd8d57898cdb725a2d5e2e4f8f

Decimal places

4

Peg target

About 1 US dollar

Backing

ZANO collateral held on-chain, over-collateralised

Launched

May 2025

What is Freedom Dollar (fUSD)?

Freedom Dollar is a stablecoin: a crypto asset designed to hold a steady value instead of floating with the market. Its target is about one US dollar. What makes it specific is where and how it is issued — natively on the Zano blockchain, as a Confidential Asset. That is Zano's built-in standard for tokens, so fUSD inherits the chain's privacy behaviour by default rather than having privacy layered on top of it afterwards.

On-chain, fUSD is not really a name at all. It is the asset ID 86143388bd056a8f0bab669f78f14873fac8e2dd8d57898cdb725a2d5e2e4f8f. That string is what a wallet or an explorer actually resolves; “Freedom Dollar” and “fUSD” are labels attached to it. It matters because ticker strings get reused across unrelated assets, and asset IDs do not.

There is no company behind fUSD in the way there is behind a bank-issued dollar token. It has no centralized issuer: units are created against ZANO collateral locked on-chain, and the peg is maintained by an algorithmic market-making process rather than by a treasury desk redeeming at par. ZanoX supports fUSD as an asset across its products — ZanoX does not issue it, hold reserves for it, or control it.

What “confidential” actually means here

On most blockchains a stablecoin transfer is fully public. Anyone with a block explorer can read the sending address, the receiving address and the exact amount, permanently and without asking anyone's permission. Salary payments, business flows and wallet sizes are all legible by default.

Zano's confidential assets work differently. Transfer amounts and wallet balances are concealed at the protocol level, so a third party watching the chain does not learn how much fUSD you hold or how much you moved. That is the practical difference, and it applies to fUSD automatically because of how the asset is issued.

Be clear about the limits, though. Confidential is not the same as anonymous. On-chain confidentiality protects what is written to the chain; it does not protect what you reveal elsewhere. If you publish an address, use a service that knows your identity, or leak information at the network level, that context can still be connected back to you. Treat fUSD as strong on-chain confidentiality with ordinary operational-security caveats, not as a guarantee of untraceability.

How fUSD differs from USDT and USDC

The large dollar stablecoins are custodial and transparent by design. USDT and USDC are issued by companies that hold reserves — cash and short-dated government securities — and both issuers publicly document that they can freeze balances at specific addresses. Both have exercised that ability, generally in response to law-enforcement requests. That is a stated, intentional property of those tokens, not a hidden flaw, and it is also the mechanism that makes them redeemable at par through the issuer.

fUSD makes the opposite trade. There is no issuer holding reserves, so there is nobody positioned to freeze an fUSD balance — and equally nobody to redeem from at par. The backing is ZANO collateral on-chain, which is volatile, which is why the protocol is designed to hold more collateral than the fUSD in circulation. The ledger behaviour differs too: USDT and USDC transfers are readable by anyone, while fUSD amounts and balances are hidden by default.

Neither model is risk-free; they carry different risks. A reserve-backed token concentrates risk in a custodian and a banking relationship. A crypto-collateralised token like fUSD concentrates risk in the value of its collateral and in the mechanism holding the peg. Which trade-off suits you depends on what you are actually worried about.

How to get fUSD

ZanoX moves value into and out of fUSD in both directions, with no account and no identity verification. Today that covers USDT and USDC on Ethereum (ERC-20), USDT on Tron (TRC-20), and ZANO itself. You always choose the network explicitly, because the same stablecoin ticker exists on several chains and picking the wrong one would send funds to a place you cannot recover them from. The currency selector on the live swap form is the source of truth for what is available at any given moment.

To acquire fUSD, follow the step-by-step guide to buying fUSD, which covers what you can pay with and where it lands. To see every pair and both directions laid out, including converting fUSD back out, use the fUSD swap page. Both flows settle on-chain and ZanoX holds no balance for you afterwards. Where the conversion crosses chains it is carried by a third-party swap provider, which has temporary control of the funds in transit; the ZANO ⇄ fUSD conversion is the exception, because it settles atomically inside your own Zano wallet. Timing depends on network confirmations, so it is usually minutes rather than anything scheduled.

If you are holding a coin with no direct fUSD pair — Bitcoin or Monero, say — it takes two moves rather than one: buy ZANO with it first, then convert that ZANO into fUSD.

Where to store fUSD

Because fUSD is native to Zano, you hold it in a Zano wallet — the same wallet and the same seed phrase that hold ZANO, with fUSD displayed as a separate balance. There is no separate fUSD wallet to install: it is a native Zano asset you hold directly, not a wrapped representation of something sitting on another chain. fUSD has four decimal places, so amounts are quoted to four figures after the point.

If you have not set one up yet, the Zano wallet setup and connection guide covers installation, connecting to ZanoX, and the step-by-step walkthrough. Keep the seed phrase offline — a non-custodial wallet means recovery is entirely your responsibility.

Why hold a confidential dollar at all

The usual reason people look for one is that the transparent alternatives can be immobilised. Tether and Circle both ship an address blocklist inside the token contract itself, which is why USDT can be frozen regardless of which wallet or chain you hold it on. The trade-offs between the two models are set out in the comparison of which stablecoin cannot be frozen. And if you arrived here from the privacy-coin side of the question, the answer to whether a Monero stablecoin exists explains why a confidential chain makes a pegged asset genuinely hard to build.

What you can do with fUSD on ZanoX

fUSD is usable across ZanoX rather than being a parking asset. Where fUSD is offered as a stake currency, you can back positions in on-chain prediction markets denominated in it, which lets you take a view on an outcome without also taking on price exposure to a volatile asset while the market runs. A position settles in whatever asset it was opened in, so an fUSD position pays out in fUSD.

You can also move it back out. Converting fUSD into another supported coin uses the same account-free flow described above, which is the route to take if you want to spend the value on crypto gift cards — the gift-card checkout shows which coins it accepts at the time you order.

Which fUSD is this?

The FUSD ticker is genuinely contested, and searching for it returns several unrelated things. For the avoidance of doubt, the asset described on this page is Freedom Dollar, the stablecoin on the Zano blockchain. It is not any of the following:

• Fidelity US Quality Income UCITS ETF — trades under the ticker FUSD on European exchanges including the London Stock Exchange, Xetra and Borsa Italiana. That is an equity fund, not a crypto asset.
• Falcon Finance USD (fUSD) — a separately issued digital dollar backed by cash and short-dated government securities. It shares the lowercase-f styling, but it is a different asset on different networks with a different backing model.
• Fantom USD (FUSD) — a stablecoin issued on the Fantom network, unrelated to Zano.
• FIUSD — a near-miss ticker belonging to a payments company's dollar token, frequently confused in search results.
• US school districts — FUSD is the standard abbreviation for Fresno, Fremont and Fontana Unified School District, among others, which drives a large share of the ticker's search volume.

If you need to confirm you are holding or trading the right asset, check the identifier rather than the name. The Zano-native Freedom Dollar is asset ID 86143388bd056a8f0bab669f78f14873fac8e2dd8d57898cdb725a2d5e2e4f8f. A ticker string can be reused by anyone; an asset ID cannot.

Frequently asked questions