CryptoCurrencies
1000
 Total Market Cap
9,035,070,510
 Volume 24h
1,036,990,837
 Dominance
BSC-USD 57.48%   IP 11.60%   UBTC 3.91%   IBERA 3.76%

Frax USD
FRXUSD

0.9997
$
0.08 %
Change 24h
Market Cap
$ 85,648,100
Volume 24h
$ 5,539,810
Circulating Supply
85,671,200
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.