CryptoCurrencies
17158
Exchanges
500
Total Market Cap
3,479,488,301,799
Volume 24h
92,394,156,101
Dominance
BTC 60.31%   ETH 8.85%   USDT 4.47%   XRP 3.66%

Frax USD
FRXUSD

0.9998
$
0.00 %
Change 24h
Market Cap
$ 63,606,170
Volume 24h
$ 808,864
Circulating Supply
63,620,215
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.