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.
Frax USD Price Analysis
As of April 24 2025 Frax USD has a marketcap of $83M.
This is {{percentagefromath}} from its all time high of $1.004.
In terms of its tokenomics, there's a total supply of 83M with 100% currently outstanding.
Keep in mind Frax USD has a fully diluted value of $83M which many investors might interpret as overvalued.
Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.
Summarized in part by ChatGPT 4 and Claude
