CryptoCurrencies
100
 Total Market Cap
1,697,461,746,348
 Volume 24h
59,879,127,339
 Dominance
BTC 83.17%   ETH 15.33%   DOGE 0.86%   ADA 0.58%

Frax USD
FRXUSD

0.9998
$
0.03 %
Change 24h
Market Cap
$ 124,455,000
Volume 24h
$ 7,228,410
Circulating Supply
124464978
Total Supply
124,464,881
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.