votes
1175
votes today
0
listed on
ETH
network
What is 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 custodians mint and redeem frxUSD, backed by cash-equivalent reserves. Additionally, advanced on-chain mechanisms developed by the Frax Finance Protocol ensure stability, security, and seamless usability across both DeFi and traditional financial systems.

Frax USD (FrxUSD) Price Today :
Watchlists
Watched by 0 user
Marketcap $
63,604,54900000000
4.1%
USD Price $
0.999712
0%
Launch Date Jan 1, 2025
(5 months ago)
Date Added May 23, 2025
(3 weeks ago)
Charts :

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