Frax USD (FRXUSD) Price
FRXUSD RANK #253The price of Frax USD (FRXUSD) is calculated in real-time by aggregating the latest data across 16 exchanges and 63 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko. 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 custodians mint and redeem frxUSD, backed by cash-equivalent reserves. Additionally, advanced on-chain mechanisms developed by the Frax Finance Protocol ensure stability, security, and seamless usability across both DeFi and traditional financial systems. FRXUSD tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Frax USD is Curve (Ethereum), where the most active trading pair FRXUSD/CRVUSD has a trading volume of $695,033 in the last 24 hours. Other popular options include Fraxswap (Ethereum) and Uniswap V4 (Ethereum).
