Frax USD frxusd

Rank #220

$0.9996

-0.01% (24h)

-0.01%

24h

-0.07%

+0.02%

30d

Price Chart

Market Stats

Market Cap

$133.41M

24h Volume

$1.68M

Circulating Supply

133,456,078.787

Total Supply

133,456,078.787

All-Time High

$1.01

All-Time Low

$0.9762

About 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.

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