Frax USD(FRXUSD)
FRXUSD#285$0.99972-0.03% (24h)
FRXUSD Live Chart
7d
24h Change-0.03%
7d Change+0.01%
Market Cap$103,567,030
24h Volume$3,106,666
24h High$1
24h Low$0.997994
Circulating Supply103,596,047 FRXUSD
Overview
Frax USD (frxUSD) is a fiat-redeemable stablecoin issued by the Frax Finance Protocol and designed to track the US dollar at a 1:1 ratio. Governance-approved custodians mint and redeem frxUSD against cash-equivalent reserves held off-chain.
The Frax Protocol operates across multiple networks, including Ethereum and its own Fraxtal chain, where frxUSD is used alongside related tokens such as the staked version sfrxUSD. Its hybrid model combines onchain issuance mechanisms with off-chain reserves, aiming to support use in both DeFi applications and traditional financial systems.
Basic Info
CategoriesStablecoinsUSD StablecoinBNB Chain EcosystemSolana EcosystemAvalanche EcosystemPolygon Ecosystem
Links & Community
Where to Buy โ Global Exchanges
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