CryptoCurrencies
1000
 Total Market Cap
298,875,435
 Volume 24h
548,202,736
 Dominance
TOWNS 21.65%   MEDXT 21.43%   BOSS 11.44%   EEG 7.22%

Frax USD
FRXUSD

1.000
$
0.03 %
Change 24h
Market Cap
$ 55,078,100
Volume 24h
$ 957,012
Circulating Supply
55,059,100
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.