CryptoCurrencies
900
 Total Market Cap
8,726,985,364
 Volume 24h
1,490,900,670
 Dominance
TIA 20.43%   WLD 11.73%   METH 9.33%   JTO 7.56%

Frax USD
FRXUSD

0.9964
$
0.13 %
Change 24h
Market Cap
$ 77,516,400
Volume 24h
$ 1,374,910
Circulating Supply
77,799,900
Total Supply
17,011,900
FRXUSD
$
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.