No maximum supply.
Trading in the lower third of its 52-week range.
of market cap traded in the last 24h
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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The current price of Frax USD is $1.00 USD, having increased by +0.00% over the past 24 hours.
Learn the fundamentals behind this asset.
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