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.
Automatic summary based on live Coinvote and market data.
In the dynamic and ever-changing landscape of cryptocurrencies, Frax USD has established itself as a formidable player. It is currently ranked #538 in the cryptocurrency market based on its market cap. This ranking reflects the trust and confidence that the market has in Frax USD as a viable digital asset.
In order to securely store your Frax USD tokens, you can use a variety of wallets such as MetaMask, Trust Wallet, MyEtherWallet, Ledger, Trezor. These wallets provide a safe environment for managing and storing your digital assets. It's essential to select a wallet that supports the specific cryptocurrency and offers a high level of security, user-friendliness, and compatibility with your preferred devices.
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| Chain | Ethereum |
| Price | $ 1.00 |
| Market Cap | $ 85,578,110.00 |
| 24h Variation (%) | +0.02% |
| Total Supply | 86,743,727 |
| Circulating Supply | - |
| Launch Date | January 1st 2025, 20:01 |
| Date added | May 22nd 2025, 19:03 |
| Listed by | PROMOTER MARK |
2 red flag(s), 1 point(s) to check
Full report Data: GoPlus Security, 2026-11-01 20:44 UTC
 | MySphere AL chat | -26.26% |
 | THEROS | -1.03% |
 | FOMOEgg | 3.29% |
 | XCOIN | -100.00% |
 | BotCoin | -3.47% |
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