CryptoCurrencies
16957
Exchanges
500
Total Market Cap
3,397,047,156,586
Volume 24h
241,763,474,613
Dominance
BTC 60.19%   ETH 7.87%   USDT 4.41%   XRP 3.96%

Frax USD
FRXUSD

0.9997
$
0.04 %
Change 24h
Market Cap
$ 82,354,497
Volume 24h
$ 2,307,767
Circulating Supply
82,382,995
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.