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Frax USD FRXUSD

RANK #247
Live Frax USD Price
$0,999622 ▼ 0,01%
Market Cap
$109,7 M
24h Volume
$3,2 M
Circulating Supply
109.749.042 FRXUSD
Max Supply
Sınırsız
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Frax USD About

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.