CryptoCurrencies
19149
Exchanges
500
Total Market Cap
4,445,525,660,265
Volume 24h
346,471,459,680
Dominance
BTC 54.39%   ETH 11.81%   USDT 4.01%   BNB 3.97%

Frax USD
FRXUSD

0.9995
$
0.02 %
Change 24h
Market Cap
$ 58,027,396
Volume 24h
$ 1,635,730
Circulating Supply
58,051,165
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.