Logo of Frax USDFrax USD(FRAX)
Total Value Locked$82.46m

TVL by Chain

Ethereum$82.46m

Protocol Information

Frax USD (frxUSD) is a fully collateralized stablecoin issued by Frax Finance, combining off-chain custodians holding cash-equivalent reserves with on-chain minting and redemption mechanisms

CategoryRWA

Sub Category: Treasury Bills

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Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

Tether Gold ($3.202b)BlackRock BUIDL ($3.081b)Circle USYC ($2.985b)Ondo Yield Assets ($2.696b)Paxos Gold ($2.112b)Centrifuge Protocol ($1.504b)Spiko ($1.24b)Ethena USDtb ($1.08b)Ondo Global Markets ($1.041b)Anemoy Capital ($988.93m)