Frax USD

Frax USD Basic Information

Symbol: FRXUSD

Price: $0.99991900

Volume: $2,471,124

Market Cap: $60,295,889

Fully Diluted Value: 60,295,889

Short Term Beta: For Premium Users Only

Beta: For Premium Users Only

Futures Curve: For Premium Users Only

Total Supply: 60,314,279

Type: Crypto Token

Frax USD Trading Chart

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Frax USD on Exchanges

Learn more about Frax USD

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.