Frax USD
$1.99
0.02%
Past Day
Market Stats
Market Cap
$77.7m
24h Volume
$3.62m
FDV
$77.7m
Max Supply
77.69m
About
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 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.