Frax USD FRXUSD
Rank #217$0.9998
-0.04%
CoinGecko · just now
24h
-0.04%
7d
-0.03%
30d
-0.02%
1y
+0.06%
Frax USD Statistics
- Market Cap
- $133.80M
- 24h Volume
- $2.01M
- 24h High
- $1.00
- 24h Low
- $0.9993
- Circulating Supply
- 133,853,139.752 FRXUSD
- Max Supply
- Unlimited
- All-Time High
- $1.01
- All-Time Low
- $0.9762
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.
Frequently Asked Questions about Frax USD
What is Frax USD (FRXUSD)?
Frax USD (FRXUSD) is a cryptocurrency that can be traded on various exchanges. It has a current market capitalization of $133.80M, making it one of the notable digital assets in the crypto market.
What is the current price of Frax USD?
The current price of Frax USD (FRXUSD) is $0.9998. Prices update in real-time based on market activity across major cryptocurrency exchanges.
Where can I buy Frax USD?
You can buy Frax USD (FRXUSD) on major cryptocurrency exchanges such as Binance, Coinbase, and Kraken. Always use a reputable exchange and enable two-factor authentication to secure your account.
Is Frax USD a good investment?
Whether Frax USD is a good investment depends on your financial goals, risk tolerance, and research. Cryptocurrency markets are highly volatile. Always do your own research and consider consulting a financial advisor before investing.
