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.
Where is Frax USD available for purchase?
You can exchange FRXUSD tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Frax USD is Curve (Ethereum), notably the FRXUSD/SUSDS pair, which saw a trading volume of $ 3,74 MLN. in the past day. Additionally, SwapX Algebra and Shadow Exchange are popular alternatives for trading tokens.
What is the highest value Frax USD (FRXUSD) has ever reached?
Frax USD (FRXUSD) reached its peak price at 1.007 $ on 30 May 2025, approximately 2 months ago ago. Presently, the current price is -0.69% lower than this all-time high.
What is the historical minimum price for Frax USD (FRXUSD)?
The minimum price reached for Frax USD (FRXUSD) was 0.9762 $, documented on 17 February 2025, more than 6 months ago. In comparison, the current price is 2.43%, it above this historical low.
What is the fully diluted valuation of Frax USD (FRXUSD)?
The fully diluted valuation (FDV) of Frax USD (FRXUSD) stands at $ 53,37 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of FRXUSD tokens. The realization of this FDV might take several years depending on the emission schedule of FRXUSD tokens.
How to add Frax USD (FRXUSD) to MetaMask?
By integrating Frax USD (FRXUSD) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import FRXUSD as a token. You can either manually import FRXUSD by copying its contract address (0xcacd6fd266af91b8aed52accc382b4e165586e29) or use MetaMask's Chrome extension to add FRXUSD with a single click through P.CASH.
How to add Frax USD (FRXUSD) to TrustWallet?
Incorporating Frax USD (FRXUSD) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include FRXUSD, you can either manually import it using the contract address (0xcacd6fd266af91b8aed52accc382b4e165586e29) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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