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Frax USD frxUSD

Ethereum · Decentralized Finance · Ethereum Ecosystem · Stablecoins · USD Stablecoin

frxUSD is a USD-pegged stablecoin issued by Frax Finance. It is used for payments, DeFi collateral, and cross-chain transactions across multiple blockchains. The stablecoin uses a hybrid model with governance-approved enshrined custodians who mint and redeem frxUSD by holding tokenized treasury reserves, allowing real-world entities to custody backing assets while maintaining onchain mechanisms.

Full contract · Ethereum0x853d955acef822db058eb8505911ed77f175b99e
Website ↗https://frax.finance/X ↗https://x.com/frax
Current price$0.99160814-0.03% · 24h
Circulating market cap$217.48M
Fully diluted valuation$217.48M
Total token liquidity$3.75M
24h volume$729.08K
Holder address count9,933Address count, not unique users
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01 / Market

Trading volume and liquidity

24h volume $729.08K · Total token liquidity $3.75M。

Volume / current liquidity 19.45%

Volume is a flow over a period; liquidity is a stock at a point in time.

02 / Structure

Supply and valuation

Circulating market cap $217.48M · FDV $217.48M。

The two valuations are not yet comparable; their original values are shown separately.

About the project · Frax USD

Decentralized Finance · Ethereum Ecosystem · Stablecoins · USD Stablecoin

frxUSD is a USD-pegged stablecoin issued by Frax Finance. It is used for payments, DeFi collateral, and cross-chain transactions across multiple blockchains. The stablecoin uses a hybrid model with governance-approved enshrined custodians who mint and redeem frxUSD by holding tokenized treasury reserves, allowing real-world entities to custody backing assets while maintaining onchain mechanisms.