What is FRAX USD(FRXUSD)?

Basic information about FRXUSD

Coin name:

Frax USD

Coin symbol:

Coin introduction:

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.

Current Price:

$1.00More coin details

All-time high:

$1.01

All-time low:

$0.98

FRXUSD Supply Info and Tokenomics

Circulating supply:

133,965,290

Total supply:

133,965,290

Max supply:

Market cap:

$133.89M

Fully diluted valuation:

$133.89M

What is the outlook and future value of FRXUSD?

The current market cap of FRXUSD is $133.89M, ranked 359 in the market, showing that the market already recognizes the value of FRXUSD. When a bull market arrives, the market cap of FRXUSD may continue to grow.

Moreover, if FRXUSD can play a greater role in real-world applications—such as if the Monero developers can fully empower FRXUSD and establish partnerships with more business partners to expand its user base—then the long-term value of FRXUSD will be further enhanced.

What is the price of FRXUSD in 2027?

According to the historical price performance prediction model of FRXUSD, the price of FRXUSD is expected to reach $1.05 at 2027.

Note: As with any crypto investment, investors should closely monitor FRXUSD’s performance and stay aware of the risks. The crypto world is highly volatile, and adequate research and preparation are necessary.

How else can I get FRXUSD?

Purchasing FRXUSD with cash is not the only way to obtain FRXUSD. If you have enough time, you can get FRXUSD for free.

Learn how to get Hot rewards for free with FRXUSD.

Earn free FRXUSD by inviting friends to join LBank My Activity|LBank Reward Center

Join LBank Launchpad to get FRXUSD airdrops for free.

All crypto airdrops and rewards can be exchanged for FRXUSD through LBank spot trading.

Buy FRXUSD starting from $1

What is FRXUSD used for and how to use it?

The use cases for FRXUSD may grow with the development of the crypto market and project progress. Currently, you can use FRXUSD to:

Arbitrage trading of FRXUSD

FRXUSD is frequently traded, with constant price fluctuations. You can profit from buying low and selling high. LBank Spot market offers many FRXUSD trading pairs to suit your needs.

Earn yield with FRXUSD

You can also lend out FRXUSD or use other Earn products to gain returns. LBank Earn platform provides a wide variety of investment products to help you maximize your FRXUSD gains.

Send or pay with FRXUSD

If you want to pay someone with FRXUSD, you can easily and quickly send FRXUSD to them using their receiving address.

You can also visit the official website of Frax USD to learn more use cases of FRXUSD, such as whether the Frax USD project supports community/eco apps or buying physical or virtual goods with FRXUSD.