90-day series · source: DeFi Llama
Circulating supply by chain · updated 3d ago
Backing & mint/redeem mechanics per the issuer.
Frax USD uses a hybrid model that allows for governance-approved enshrined custodians to mint/redeem the stablecoin by holding cash-equivalent reserves while also having onchain mechanisms built by the Frax Finance Protocol
frxUSD reserves sit in bankruptcy-remote Reg D structures via Securitize / BlackRock BUIDL — Frax's institutional RWA bridge.
Frax docsLatest peg
Deviation
Market cap
Peg health
Supply trend · ~30d
