CryptoCurrencies
17584
Exchanges
500
Total Market Cap
3,901,785,228,339
Volume 24h
306,893,566,367
Dominance
BTC 60.22%   ETH 9.21%   XRP 4.28%   USDT 4.09%

Frax USD
FRXUSD

0.9998
$
0.04 %
Change 24h
Market Cap
$ 43,103,959
Volume 24h
$ 1,749,249
Circulating Supply
43,100,546
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.