Price change (24h):
0.03%
High (24h):
$1
Low (24h):
$0.999223
Volume (24h):
$6.71M
Market Cap:
$110.36M
All Time High:
0.70% $1.01
May 30, 2025
All Time Low:
2% $0.98
Feb 17, 2025
Frax USD
FRXUSD0.04 %(1Y)
$0.99956
About Frax USD
Frax USD (frxUSD) is a cryptocurrency launched in 2025. It functions as a fully-collateralized, fiat-redeemable stablecoin issued by the Frax Finance Protocol, engineered to maintain a peg to the US dollar through a hybrid architecture that combines enshrined custodian reserves with onchain stability modules.
The asset provides a dollar-denominated settlement layer for decentralized applications, eliminating the volatility that plagues native blockchain tokens in high-frequency trading, lending, and cross-chain transfer scenarios. By anchoring each token to cash-equivalent reserves held by governance-approved custodians, the protocol ensures that frxUSD can be redeemed for fiat at par, a feature that distinguishes it from purely algorithmic or seigniorage-style stablecoin predecessors.
Frax USD operates on the Ethereum network. Native deployments extend across a dozen major ecosystems, including Solana, Avalanche, Arbitrum, Base, Aptos, and the BNB Chain, ensuring the token metastasizes wherever DeFi demand clusters. This multi-chain presence renders the stablecoin a ubiquitous primitive for liquidity routing and protocol treasury diversification.
Technically, the token adheres to the ERC-20 standard on Ethereum and mirrors this fungibility in BEP-20, SPL, and other chain-specific formats. Verified smart contracts on address spaces like 0xcacd… and 0x80ee… anchor its onchain existence, while open-source repositories under FraxFinance document the mint/burn logic and custodian interaction patterns. No native consensus mechanism applies to the token; it inherits the security of its host ledgers.
Frax USD emerged in January 2025 as the Frax Finance Protocol’s evolution from earlier fractional-reserve experiments toward a fully-collateralized, regulated-friendly stablecoin. The protocol did not name individual founders in its documentation but leveraged its established governance framework to approve a cadre of licensed, enshrined custodians who process all fiat-to-token creation and redemption flows.
The protocol’s mission is to supply a permissionless, transparently-backed dollar instrument that can function as the default unit of account across both traditional treasury settlements and the burgeoning onchain capital markets. This objective melds the discipline of 1:1 fiat collateral with the programmability of smart contracts, fostering a financial product that does not rely on algorithmic seigniorage to retain its peg.
Mechanically, the token serves as a claim on a dollar held in escrow. Custodians mint fresh frxUSD only upon receiving equivalent fiat deposits, and any holder can trigger a redemption to burn tokens and receive the underlying cash, subject to anti-money laundering checks and protocol-determined fees. The stablecoin also functions as the gas-efficient settlement medium across Frax’s own decentralized exchange and lending protocol products, reducing reliance on volatile base-layer assets.
Arbitrageurs exploit pricing divergences between centralized exchanges and the onchain redemption window to enforce the peg, while liquidity providers concentrate frxUSD in automated market maker pools to capture swap fees with minimized directional risk. Vault strategies auto-compound yields by cycling frxUSD through different lending markets, and treasury managers in decentralized autonomous organizations allocate the token as a safe-haven buffer for their native governance tokens.
Frax USD has a total supply of 134,222,668.55 tokens. Currently, 134,222,668.55 are in circulation. With a market capitalization of $134,187,002, Frax USD ranks #229 among all cryptocurrencies.
Frax USD Historical Price Data
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 07/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 06/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 05/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 04/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 03/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 02/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 01/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
Why is manual trading Frax USD a bad idea?
Manual frxusd trading
- Miss perfect entry/exit
- Emotional decisions
- Huge time to monitor
Stoic AI
-
AI trades 24/7 automatically Catch every opportunity
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Zero-emotion algorithm Disciplined strategy
-
Passive income Set & forget automation
20,000+
traders trusted Stoic AI
$200M+
in cumulative assets under management since inception
2015
year of company foundation
FAQ
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Frax USD (FRXUSD) is a cryptocurrency that can be bought, sold, and traded on major exchanges. Its price changes in real time based on supply, demand, and broader market conditions. You can track the live FRXUSD price, market cap, and 24-hour trading volume at the top of this page.
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The current price of Frax USD (FRXUSD) is $0.99956. Over the last 24 hours, it has moved -0.03%. Crypto prices update continuously, so short-term changes can happen quickly.
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You can buy Frax USD on major exchanges like Binance, Coinbase, or KuCoin. However, simply buying and holding can be risky due to market volatility.
The smartest way to manage your FRXUSD investment is to connect your exchange account to Stoic AI. This allows you to keep funds on your preferred exchange while our institutional-grade algorithm automates the trading strategy for you, aiming to outperform manual trading. -
Stablecoins (like FRXUSD) are designed to maintain a stable value, usually pegged to a fiat currency like the US dollar. While their price typically stays close to the peg, they can occasionally depeg due to market stress, liquidity issues, or concerns about reserve backing.
Many traders use stablecoins as a safe haven during crypto market volatility or as a convenient way to move funds between exchanges. -
We can’t provide investment advice. Whether Frax USD is a good investment depends on your risk tolerance, time horizon, and strategy. Crypto markets are highly volatile and past performance doesn't guarantee future results. Many investors reduce risk by diversifying across multiple assets and using automated strategies that remove emotional decision-making. Always do your own research before investing.
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Common approaches include buy & hold, discretionary trading based on technical analysis, or automated strategies. Manual trading can be difficult due to fees, timing, and emotional decisions. Stoic AI offers an out-of-the-box automated approach: connect your exchange via trade-only API permissions, choose a strategy, and the system manages portfolio rebalancing 24/7.
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Stoic AI uses hedge fund-grade quantitative strategies developed by Cindicator, a fintech company with 9+ years of experience and $230M+ in assets under management. The algorithm analyzes price data, volatility, and correlations to build and rebalance a diversified portfolio. FRXUSD can be included based on real-time market conditions. Over 18,000 customers already use Stoic AI to automate their crypto portfolios.
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With Stoic AI, your funds stay on your exchange (Binance, Coinbase, KuCoin, etc.) at all times. Stoic connects via read-and-trade-only API keys - it cannot withdraw your funds. The platform uses institutional-grade risk management and has been live-tested through multiple market cycles since 2020, including the 2022 crypto winter. You maintain full control and can disconnect at any time.
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You can start with as little as $500. There are no lock-ups and no hidden fees. You can try it now and withdraw your funds at any time. Create a Stoic account, connect your exchange using an API key with trading‑only permissions, choose a strategy, and start automated trading. You can stop anytime by revoking the API key on your exchange. Since the funds stay in your exchange wallet, you remain in control of deposits and withdrawals.
