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All prices / Frax USD
Frax USDFRXUSD
Rank #272$1.00▲0.01% in 24 hours
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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.
Categories: Stablecoins, USD Stablecoin, BNB Chain Ecosystem.
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