Frax USD
frxusd#234$0.999422
-0.02% (24h)
Price Chart
Market Cap
$121.25M
24h Volume
$2M
Circulating Supply
121.25M FRXUSD
Max Supply
∞ Unlimited
24h High
$1.00
24h Low
$0.999088
All Time High
$1.01
All Time Low
$0.97622
Fully Diluted Val.
$121.25M
From ATH
-0.7%
Price Change
24h-0.02%
7d-0.02%
30d-0.10%
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.
