Frax USD FRXUSD
FRXUSD
1.001
$
0.04 %
Change 24h
Market Cap
$ 50,982,981
Volume 24h
$ 1,363,062
Circulating Supply
50,946,615
Total Supply
607,100
FRXUSD
$
| # | Exchange | Pair | Price | Volume 24h |
|---|
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.