CryptoCurrencies
17911
Exchanges
500
Total Market Cap
4,015,131,751,465
Volume 24h
194,329,615,222
Dominance
BTC 56.98%   ETH 11.12%   XRP 4.57%   USDT 4.08%

Frax USD
FRXUSD

1.000
$
0.02 %
Change 24h
Market Cap
$ 55,858,296
Volume 24h
$ 1,695,066
Circulating Supply
55,844,747
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.