Frax USD

frxusd

$1.00+ 0.04%24h

Market Cap (USD)

$128,003,211.00

Circulating Supply

128,034,038.498

Homepage

https://frax.com

About Frax USD

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.