Frax USD frxUSD

1 · Ethereum Ecosystem · Fiat-backed Stablecoin · Stablecoins · USD Stablecoin

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.

Full contract · 10xcacd6fd266af91b8aed52accc382b4e165586e29

Current main pool age97 daysPool creation time 2026-06-04 22:25:26 UTC

Current price$0.99990932-1.85% · 24h

Circulating market cap$109.54M

Fully diluted valuation$98.52M

Total token liquidity$15M

24h volume$3.69M

Holder address count1,898Address count, not unique users

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01 / Market

Trading volume and liquidity

24h volume $3.69M · Total token liquidity $15M。

Volume / current liquidity 24.61%

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

02 / Structure

Supply and valuation

Circulating market cap $109.54M · FDV $98.52M。

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

About the project · Frax USD

Ethereum Ecosystem · Fiat-backed Stablecoin · Stablecoins · USD Stablecoin

Protocol association: Not provided