Frax USD
$-
FRXUSD to USD converterFRXUSD
USD0
FRXUSDUSDNo chart data available
Market Cap
$0
No data available
Volume (24h)
$0
No data available
Price Performance
No data available
Market Cap
$0Volume(24h)
$0FDV
$0Circulating Supply
0Total Supply
0Max Supply
$0Infinity Supply
No
Website
Socials
Explores
Tags
Stablecoin
Asset-Backed Stablecoin
About Frax USDFrax USD (FRXUSD) is a fully fiat-collateralized stablecoin issued by Frax Finance that maintains a 1:1 peg to the US dollar through 100% bank reserve backing, representing a strategic pivot from the original FRAX fractional-reserve model toward institutional-grade compliance and regulatory clarity. Built on Ethereum and other chains, FRXUSD provides users with transparent, audit-backed dollar exposure while maintaining the capital efficiency and yield generation mechanisms associated with Frax Finance's ecosystem through integration with sfrxETH staking and other yield-bearing products. The stablecoin enables efficient minting and redemption through Frax's infrastructure, allowing users to convert between fiat and on-chain dollar exposure seamlessly while maintaining full regulatory compliance and third-party attestations verifying reserve adequacy. Launched in 2023 as Frax Finance's response to competitive pressures from fully collateralized competitors and regulatory demands for reserve transparency, FRXUSD has rapidly attracted institutional adoption from major DeFi protocols, investment DAOs, and treasury managers seeking compliant dollar infrastructure. Trading with strong liquidity and integration across DeFi ecosystems, FRXUSD positions itself as a regulatory-compliant alternative to USDC and USDT while maintaining deeper integration into Frax Finance's yield-generation infrastructure — though broader institutional adoption outside DeFi ecosystems remains dependent on achieving parity with traditional money market fund yields and expanding banking partnerships.
Assets Details
Access Model
PermissionlessRedeemable
YesAttestations
YesCEX Listed
YesKYC to mint or redeem
YesTransferable
YesSelf Custody
Yes