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frxUSD

Frax USD Price (frxUSD)

Frax USD (frxUSD) is currently priced at $1.00 USD. The price has increased 0.00% in the last 24 hours. It has a market capitalization of $138,280,779.224. Fully diluted valuation: $138,284,581.407. Circulating supply is 138,286,726.964 frxUSD. Total supply is 138,290,529.311 frxUSD.

$1.00

Stats

1 Day+0%
1 Month+0%
3 Months0.01%
1 Year0%
Market Cap$138.3M
Fully Diluted$138.3M

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.