L2 Standard Bridged frxUSD
L2 Standard Bridged frxUSD Basic Information
Symbol: FRXUSD
Price: $0.99987400
Volume: $1,596,683
Market Cap: $94,752,539
Fully Diluted Value: 94,752,539
Short Term Beta: For Premium Users Only
Beta: For Premium Users Only
Futures Curve: For Premium Users Only
Total Supply: 94,764,513
Type: Crypto Token
L2 Standard Bridged frxUSD Trading Chart
L2 Standard Bridged frxUSD on Exchanges
Learn more about L2 Standard Bridged frxUSD
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.