Frax USD FRXUSD
FRXUSD
1.000
$
0.01 %
Change 24h
Market Cap
$ 61,509,113
Volume 24h
$ 2,983,859
Circulating Supply
61,502,683
Total Supply
607,100
FRXUSD
$
| # | Exchange | Pair | Price | Volume 24h |
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Description
Frax USD (frxUSD) is a fiat-redeemable, fully-collateralized stablecoin issued by the Frax Finance Protocol. It operates using a hybrid model where governance-approved enshrined custodians mint and redeem frxUSD backed by cash-equivalent reserves, while advanced onchain mechanisms developed by the Frax Finance Protocol ensure stability, security, and seamless usability across DeFi and traditional financial systems.