Frax Finance
Stablecoin · Synthetic Yield-Bearing · FXS
Frax issues FRAX, the RWA-backed frxUSD (via BlackRock BUIDL), and the yield-bearing sFRAX, bridging algorithmic origins to institutional RWA backing.
Hybrid stablecoin pivoting to RWA backing.
FXS price
$0.9885
-0.2% 24h
Latest data · 15 min delay
Staking rollup
Total staked
DeFi Llama$96.0M
DeFi Llama
Staking APR
—
Not yet collected
Market cap
—
Not yet collected
Fees · 24h
$0
DeFi Llama
Market share
+0.39%
Derived
Stablecoin metrics
Live circulating supply (DeFi Llama) plus curated reserves, peg mechanism, and risk facts.
Circulating supply
—
DeFi Llama / issuer docs (2026-06-18)
# Chains
9
Curated deployment
Reserves, peg & risk
Peg mechanism
Hybrid collateral transitioning to RWA-backed frxUSD.
Reserves / collateral
frxUSD backed by BlackRock BUIDL / Reg D fund structures via Securitize.
Audit / attestation history
Trail of Bits, Certik, ChainSecurity.
Chains · EVM: yes
Deployment notes
FRAX declining; frxUSD growing.
Hedge book & yield
Funding-rate exposure
Minimal — frxUSD is RWA/T-bill backed rather than perp-hedged.
Yield sources
| Symbol | Name | Role | Class |
|---|---|---|---|
| FRAX | Frax | Original hybrid Frax dollar | Stablecoin |
| frxUSD | Frax USD | RWA-backed (BUIDL) dollar | Stablecoin |
| sFRAX | Staked FRAX | Yield-bearing FRAX | Staked Stablecoin |
Sources
Attestation page
https://frax.finance