Rank #228
Current Price
$0.999647
24h Change
0.02%
7d Change
-0.01%
Market Cap
$128,364,775
Rank
#228
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.
Categories
Aptos EcosystemX Layer EcosystemAurora EcosystemAvalanche EcosystemArbitrum EcosystemMovement EcosystemUSD StablecoinKatana EcosystemPolygon zkEVM EcosystemAbstract EcosystemMode EcosystemScroll EcosystemPlume Network EcosystemOptimism EcosystemPolygon EcosystemBNB Chain EcosystemLinea EcosystemBase EcosystemFiat-backed StablecoinSolana EcosystemStablecoinsFraxtal EcosystemInk EcosystemEthereum EcosystemSei Network EcosystemBerachain EcosystemBlast EcosystemZkSync EcosystemUnichain EcosystemSonic Ecosystem
Details
SymbolFRXUSD
Price$0.999647
24h Change0.02%
7d Change-0.01%
30d Change-0.02%
Market Cap$128,364,775
Platformethereum
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