CryptoCurrencies
18466
Exchanges
500
Total Market Cap
4,038,597,758,010
Volume 24h
283,551,830,163
Dominance
BTC 53.36%   ETH 13.14%   XRP 4.17%   USDT 4.15%

Frax USD
FRXUSD

0.9996
$
0.02 %
Change 24h
Market Cap
$ 66,896,076
Volume 24h
$ 2,442,037
Circulating Supply
66,910,590
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.