Frax USD (FRXUSD) Price

Current Price: $0.999597

24-Hour Change: -0.01%

Market Cap: $105,437,828

24h Volume: $4,048,979

24h High: $1

24h Low: $0.999368

Market Cap Rank: #279

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.