Frax USD (FRXUSD) Price

Current Price: $0.999836

24-Hour Change: -0.00%

Market Cap: $114,361,677

24h Volume: $6,916,109

24h High: $1

24h Low: $0.999297

Market Cap Rank: #229

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.