Markets / Frax USD
Frax USD FRXUSD #271
$1.0001
▲0.02% 24h · median of 2 sources, which agree within 0.03%
FRXUSD price by source
| Data provider | Price | vs. median |
|---|---|---|
| C CoinGecko | $1.00 | −0.01% |
| C CoinPaprika | $1.0003 | +0.01% |
Where to buy Frax USD
None of the exchanges we track list FRXUSD against USD, USDT or USDC with meaningful volume right now.
Last traded price on each exchange's busiest USD, USDT or USDC market, converted to dollars. Fees and spreads are not included.
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.
Description courtesy of CoinGecko.