The current real-time price of FRXUSD is $0.9989. In the past 24 hours, FRXUSD has traded between $0.9983 and $1.000317, showing strong market activity. The all-time high of FRXUSD is $1.007, and the all-time low is $0.9762.
From a short-term perspective, the price change of FRXUSD over the past 1 hour is , over the past 24 hours is -0.04%, and over the past 7 days is -0.01%. These figures provide a quick overview of the latest price trends and market dynamics of FRXUSD on LBank.-0.02%
The live price of FRXUSD today is $0.9989, with a current market cap of $123.123M. The 24-hour trading volume is 8M. The price of FRXUSD to USD is updated in real time.
Before deciding whether to buy or sell FRXUSD, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s FRXUSD technical analysis can provide you with trading references.
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for FRXUSD.
How much will FRXUSD be worth tomorrow, next week, or next month in ? What about your FRXUSD assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! FRXUSD Price Prediction
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x8420...4446e2  | 44.246M | 39.3% |
ethereum | 0x4b45...f41bc1 | 15.110M | 13.42% |
ethereum | 0x34c0...58bde2 | 10.890M | 9.67% |
ethereum | 0x13e1...6243e1 | 8.723M | 7.75% |
ethereum | 0x47b8...015f6c | 5.361M | 4.76% |
Other | 28.264M | 25.1% |
Frax USD (frxUSD) is an algorithmic stablecoin from the Frax Protocol, aiming to provide a decentralized and efficient alternative to traditional stablecoins. It maintains a stable peg to the US dollar. frxUSD is fully collateralized and redeemable 1:1 for cash equivalents, including tokenized U.S. Treasury funds, ensuring its value.
frxUSD stands out by employing a hybrid system, combining algorithmic monetary policy with decentralized collateral backing, unlike many centrally managed stablecoins. This innovative approach aims to deliver enhanced scalability and security. It also works to minimize counterparty and custodial risks often linked with centralized stablecoin issuers, fostering a more resilient and decentralized digital dollar.
Frax USD maintains stability through an algorithmic system that dynamically adjusts supply and demand. It utilizes a decentralized asset reserve and is partially backed by Frax Shares (FXS) tokens. Crucially, its stability is significantly reinforced by being fully backed 1:1 by tokenized U.S. Treasury assets, held with regulated custodians. This multi-faceted approach helps maintain its peg even during volatile market conditions.
Yes, frxUSD is specifically designed as a reliable asset for various decentralized finance (DeFi) activities. Users can leverage frxUSD for purposes such as lending, providing liquidity to decentralized exchanges, and facilitating cross-protocol integrations within the Web3 ecosystem. Its utility extends to crypto neobanking through strategic partnerships, making it a versatile tool for digital financial services.
You can acquire Frax USD on both decentralized exchanges (DEXs) like Uniswap and centralized exchanges such as LBank. The typical process involves selecting a preferred platform, establishing a compatible cryptocurrency wallet like MetaMask or Trust Wallet, depositing either cryptocurrency or traditional fiat currency, executing the trade for frxUSD, and subsequently transferring it to your personal, self-custodial wallet for safekeeping.
Frax USD addresses the need for a more efficient, decentralized, secure, and scalable digital dollar. It aims to expand global access to the U.S. dollar, moving beyond the limitations of traditional banking systems. By bridging traditional finance with decentralized finance (DeFi), frxUSD seeks to offer a robust and accessible stablecoin solution for the modern digital economy.
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