Frax USD

Frax USD

Rank #256

FRXUSD

0.999909USD+0.01% (24h)
Score69Solid

Price History

Full chart

Market Stats

Market Cap Rank#256
Market Cap92.57M
Fully Diluted Valuation92.71M
24h Volume11.65M
24h High1.00
24h Low0.999363
Circulating Supply92.58M
Total Supply92.72M
Max Supply-
All-Time High1.09
All-Time Low0.97622
Genesis Date-

Sentiment

0% Bullish0% Bearish

About

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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