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Frax USD (frxUSD) is a fiat-redeemable, fully-collateralized stablecoin issued by the Frax Finance Protocol. Frax USD uses a hybrid model that allows for governance-approved enshrined custodians to mint/redeem the stablecoin by holding cash-equivalent reserves while also having onchain mechanisms built by the Frax Finance Protocol.
The live Frax USD price today is $0.999454 USD with a 24-hour trading volume of $1,765,857 USD. We update our FRXUSD to USD price in real-time. Frax USD is up 0.03% in the last 24 hours. The current CoinMarketCap ranking is #3342, with a live market cap of not available. The circulating supply is not available and a max. supply of 86,430,671 FRXUSD coins.