
Frax USD frxUSDPrice $ 0.999
Rank: 384
frxUSD Price
General Info
Contracts/Explorers:
Ethereum
Frax USD (frxUSD) Chart
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What is Frax USD (frxUSD)?
Historical events: In December 2024, Frax USD (frxUSD) and Staked Frax USD (sfrxUSD) were launched as new components of the Frax Finance ecosystem. There was an upgrade of the Frax stablecoin to frxUSD and sfrxUSD during the OP stack hardfork and contract update. Read more: https://gov.frax.finance/t/fip-419-launch-frax-usd-provide-upgrade-path-to-frax-stablecoin/3543
Frax USD is an upgraded modular stackablecoin in line with Frax Finance's vision of decentralization, stability and usability.
Five fiat redemptions: frxUSD will allow users to easily convert their assets into fiat currency through a partnership with Paxos. This feature bridges the gap between DeFi and traditional finance, making frxUSD more accessible and practical for everyday use.
Access to the Federal Reserve: Frax Finance, through its strategic partner FinresPBC, is working to establish direct access to the main account of the US Federal Reserve (FMA). This will bring frxUSD to the level of the safest stablecoin, offering its users unrivaled trust and stability.
Treasury bill integration: utilizing FinresPBC's existing access to Treasury bills, frxUSD will be further backed by trusted collateral, enhancing its reliability and expanding its reach.
Frax USD Price Today
Frax USD's current price is $ 0.999, it has increased +0.07% over the past 24 hours.
Frax USD's All Time High (ATH) of $ 1.06 was reached on 25 Mar 2025, and is currently -5.92% down.
The current circulating supply of Frax USD is 82.27 Million tokens, and the maximum supply of Frax USD is 82.27 Million.
Frax USD’s 24 hour trading volume is $ 581.88 Thousand.
Frax USD's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 82.22 Million.
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