CryptoCurrencies
17040
Exchanges
500
Total Market Cap
3,420,733,802,612
Volume 24h
219,225,120,884
Dominance
BTC 60.19%   ETH 8.87%   USDT 4.47%   XRP 3.62%

Frax USD
FRXUSD

1.0000
$
0.04 %
Change 24h
Market Cap
$ 61,036,999
Volume 24h
$ 3,185,801
Circulating Supply
61,038,442
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.