Frax USD
Frax USD Basic Information
Symbol: FRXUSD
Price: $0.99957700
Volume: $14,753,501
Market Cap: $116,570,269
Fully Diluted Value: 116,595,900
Short Term Beta: For Premium Users Only
Beta: For Premium Users Only
Futures Curve: For Premium Users Only
Total Supply: 116,653,001
Type: Crypto Token
Frax USD Trading Chart
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.