Frax USD (FRXUSD)$1.00
-0.04% (24H)
Loading Data
Please wait, we are loading chart data
| Date | Price | Volume | MarketCap |
|---|
| # | Exchange | Pair | Price | Volume (24h) | Updated | Trust Score |
|---|
Frax USD current price is $1.00 with a marketcap of $114.58 M. Its price is -0.04% down in last 24 hours.
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.
