CryptoCurrencies
19399
Exchanges
500
Total Market Cap
3,978,862,618,547
Volume 24h
281,995,805,185
Dominance
BTC 54.88%   ETH 11.76%   USDT 4.61%   XRP 3.80%

Frax USD
FRXUSD

0.9997
$
0.10 %
Change 24h
Market Cap
$ 119,303,183
Volume 24h
$ 3,814,906
Circulating Supply
119,341,432
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.