Frax USD FRXUSD
FRXUSD
0.9997
$
0.00 %
Change 24h
Market Cap
$ 67,306,500
Volume 24h
$ 1,050,960
Circulating Supply
67,324,200
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.