CryptoCurrencies
900
 Total Market Cap
20,525,194,990
 Volume 24h
1,229,722,474
 Dominance
WEETH 33.40%   TAO 13.99%   BUIDL 13.79%   FTN 9.33%

Frax USD
FRXUSD

0.9996
$
0.01 %
Change 24h
Market Cap
$ 46,109,700
Volume 24h
$ 1,381,480
Circulating Supply
46,129,200
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.