Convert Frax USD FRXUSD to United States Dollar USD
FRXUSD to USD: 1 Frax USD converts to $1.00 USD as of November 12 at 4:26 AM
About Frax USD
Frax USD is falling this week. The current price of Frax USD is $1.00 per FRXUSD. With a circulating supply of 110,328,601.551 FRXUSD, it means that Frax USD has a total market cap of $110,157,829.80. The amount of Frax USD traded has risen by $5,929.25 in the last 24 hours, which is a 22.24% increase. Additionally, in the last day, $26,666.17 worth of FRXUSD has been traded.
The exchange rate of Frax USD is decreasing. The current value of 1 FRXUSD is $1.00 USD. In other words, to buy 5 Frax USD, it would cost you $5.00 USD. Inversely, $1.00 USD would allow you to trade for 1.00 FRXUSD while $50.00 USD would convert to 50.04 FRXUSD, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0.2%. Meanwhile, in the last 24 hours, the rate has changed by 0.01%, which means that the highest exchange rate of 1 FRXUSD to USD was $1.00 USD and the lowest 24 hour value was 1 FRXUSD for $1.00 USD. Last month, 1 FRXUSD was worth $1.00 USD. Today, it's up 0.18%. Looking back a year, Frax USD has changed by $0.00 USD. That means that in a single year, the value of Frax USD has grown by 0.11%.
Frax USD Market Stats
Frax USD (frxUSD) is a fiat-redeemable, fully-collateralized stablecoin issued by the Frax Finance Protocol. It operates using a hybrid model where governance-approved enshrined custodians mint and redeem frxUSD backed by cash-equivalent reserves, while advanced onchain mechanisms developed by the Frax Finance Protocol ensure stability, security, and seamless usability across DeFi and traditional financial systems.