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
$0.9914
+0.0% 24h
Latest data · 15 min delay
First-mover hybrid algo-collateral stablecoin, now pivoted to RWA-backed frxUSD with BUIDL — an institutional bridge to DeFi.
Frax issues FRAX, the RWA-backed frxUSD (via BlackRock BUIDL), and the yield-bearing sFRAX, bridging algorithmic origins to institutional RWA backing.
Decentralized DAO via FXS holders; frxUSD reserves in bankruptcy-remote Reg D structures (Securitize/BUIDL).
Frax FinanceFrax issues FRAX, the RWA-backed frxUSD (via BlackRock BUIDL), and the yield-bearing sFRAX, bridging algorithmic origins to institutional RWA backing.
