Frax USD FRXUSD
FRXUSD
0.9999
$
0.00 %
Change 24h
Market Cap
$ 105,870,849
Volume 24h
$ 4,206,558
Circulating Supply
105,891,552
Total Supply
109,877,125
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.