Frax USD Price (frxusd/CAD)
Frax USD
Currency
Official Site
GitHub
White Paper
Official Site
GitHub
White Paper
Frax USD market data
Trading Volume
24h
Circulating Supply
110,787,169.174907
99.993%
Volume / Market Cap
$0.00 / 0
Market Dominance
0%
Total Supply
110,795,305.5058417
BID
N/A
ASK
N/A
What Is Frax USD (FRXUSD)?
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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