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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 $0.999863 USD with a 24-hour trading volume of $233,374 USD. We update our FRXUSD to USD price in real-time. Frax USD is down 0.02% in the last 24 hours. The current CoinMarketCap ranking is #420, with a live market cap of $82,371,696 USD. It has a circulating supply of 82,382,995 FRXUSD coins and the max. supply is not available.