frxUSD
frxUSD
active
Fiat Backed
Market Cap $127M
frxUSD is a fully collateralized stablecoin by Frax Finance, backed by tokenized U.S. Treasury securities and other real-world assets.
Key Data
| Backing | Tokenized U.S. Treasury securities and other real-world assets. |
| Redemption | Direct fiat redemption capabilities are offered, but specific details are not publicly disclosed. |
| Peg Currency | USD |
| Launched | 2025 |
Supported Networks
EthereumFraxtal
Overview
frxUSD is a stablecoin introduced by Frax Finance as an evolution of its original FRAX stablecoin. It is designed to be fully collateralized and fiat-redeemable.
How It Works
frxUSD leverages BlackRock's USD Institutional Digital Liquidity Fund, tokenized by Securitize, and integrates other tokenized real-world assets for its reserves.
Reserve Backing
The stablecoin is primarily backed by tokenized U.S. Treasury securities and other assets like the WisdomTree Government Money Market Digital Fund.
Supported Networks
frxUSD is issued on the Ethereum blockchain as an ERC-20 token and has expanded to other networks, including Fraxtal.