Frax USD
$0.9996
0.04%
Past Day
Market Stats
Market Cap
$61.02m
24h Volume
$5.23m
FDV
$61.02m
Max Supply
61.04m
About
Contract
0xCAcd...6E29
Created
Jan 3, 2025
Website
frax.com
𝕏
Twitter
@fraxfinance
Telegram
@fraxfinance
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.