Frax USDPrice(FRXUSD)
Details Frax USD (FRXUSD) Price information (USD)
The current real-time price of FRXUSD is $0.9994. In the past 24 hours, FRXUSD has traded between $0.9993 and $1, showing strong market activity. The all-time high of FRXUSD is $1.007, and the all-time low is $0.9762.
From a short-term perspective, the price change of FRXUSD over the past 1 hour is
Frax USD (FRXUSD) Market Information
Frax USD (FRXUSD) Today's Price
The live price of FRXUSD today is $0.9994, with a current market cap of $121.625M. The 24-hour trading volume is 4M. The price of FRXUSD to USD is updated in real time.
Frax USD (FRXUSD) Price History (USD)
What is FRAX USD (FRXUSD)?
When is the right time to buy FRXUSD? Should I buy or sell FRXUSD now?
Before deciding whether to buy or sell FRXUSD, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s FRXUSD technical analysis can provide you with trading references.
Future price trend of FRXUSD
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for FRXUSD.
How much will FRXUSD be worth tomorrow, next week, or next month in ? What about your FRXUSD assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! FRXUSD Price Prediction
How to buy FRAX USD (FRXUSD)
Convert FRXUSD to local currency
FRXUSD Resources
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x8420...4446e2  | 44.099M | 38.55% |
ethereum | 0x34c0...58bde2 | 10.905M | 9.53% |
ethereum | 0x13e1...6243e1 | 8.316M | 7.27% |
ethereum | 0xf292...0e5978 | 6.777M | 5.92% |
ethereum | 0x4b45...f41bc1 | 6.529M | 5.71% |
Other | 37.766M | 33.01% |
Hot Events
FRAX USD (FRXUSD) FAQ
What is Frax USD (frxUSD)?
Frax USD (frxUSD) is an algorithmic stablecoin from the Frax Protocol, aiming to provide a decentralized and efficient alternative to traditional stablecoins. It maintains a stable peg to the US dollar. frxUSD is fully collateralized and redeemable 1:1 for cash equivalents, including tokenized U.S. Treasury funds, ensuring its value.
How is frxUSD different from other stablecoins?
frxUSD stands out by employing a hybrid system, combining algorithmic monetary policy with decentralized collateral backing, unlike many centrally managed stablecoins. This innovative approach aims to deliver enhanced scalability and security. It also works to minimize counterparty and custodial risks often linked with centralized stablecoin issuers, fostering a more resilient and decentralized digital dollar.
What makes Frax USD stable?
Frax USD maintains stability through an algorithmic system that dynamically adjusts supply and demand. It utilizes a decentralized asset reserve and is partially backed by Frax Shares (FXS) tokens. Crucially, its stability is significantly reinforced by being fully backed 1:1 by tokenized U.S. Treasury assets, held with regulated custodians. This multi-faceted approach helps maintain its peg even during volatile market conditions.
Can frxUSD be used for DeFi applications?
Yes, frxUSD is specifically designed as a reliable asset for various decentralized finance (DeFi) activities. Users can leverage frxUSD for purposes such as lending, providing liquidity to decentralized exchanges, and facilitating cross-protocol integrations within the Web3 ecosystem. Its utility extends to crypto neobanking through strategic partnerships, making it a versatile tool for digital financial services.
How can I buy Frax USD?
You can acquire Frax USD on both decentralized exchanges (DEXs) like Uniswap and centralized exchanges such as LBank. The typical process involves selecting a preferred platform, establishing a compatible cryptocurrency wallet like MetaMask or Trust Wallet, depositing either cryptocurrency or traditional fiat currency, executing the trade for frxUSD, and subsequently transferring it to your personal, self-custodial wallet for safekeeping.
What problem is Frax USD addressing?
Frax USD addresses the need for a more efficient, decentralized, secure, and scalable digital dollar. It aims to expand global access to the U.S. dollar, moving beyond the limitations of traditional banking systems. By bridging traditional finance with decentralized finance (DeFi), frxUSD seeks to offer a robust and accessible stablecoin solution for the modern digital economy.
