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.
Frax USD (FRXUSD) is one of the cryptocurrencies tracked on CryptoArenas with live pricing powered by CoinGecko. Use this page to monitor the current Frax USD price, 24 hour momentum, liquidity, and headline market strength before comparing it to other assets.
- Current price$0.9999
- 24 hour change0.00%
- Market cap rank#246
- Trading volume$2.22M
