Frax USD FRXUSD
Rank #247About 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.
Frax USD FAQ
What is 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.
What is the current price of Frax USD?
The live price of Frax USD (FRXUSD) is $0.9997, with a 24-hour change of 0.01%. Prices on this page update automatically about once a minute using CoinGecko market data.
What is the market cap of Frax USD?
Frax USD currently has a market capitalization of $109.70M, ranking #247 by market cap. Market cap is the coin price multiplied by its circulating supply and is a common way to compare the relative size of crypto assets.
Is Frax USD a good investment?
CryptoWatchHub provides market data and educational content only — not financial advice. Frax USD, like all crypto assets, is highly volatile and you can lose your entire investment. Always do your own research and consider consulting a licensed financial advisor before investing.
More on Frax USD
Convert FRXUSD to USD
Live two-way calculator and conversion tables
FRXUSD in 59 currencies
Euros, pounds, yen and more — plus gold and silver
Where it sits in the market
The whole market as one picture, sized by market cap
Compare exchange fees
What a trade actually costs on ten major venues
CryptoWatchHub provides market data for informational and educational purposes only. It is not investment, financial, legal or tax advice. Crypto assets are highly volatile — never invest more than you can afford to lose. Read our full disclaimer