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Frax USD
frxUSD
frxUSD is a reedemable stablecoin issued by Frax Protocol. It is backed by Blackrock's BUIDL fund allowing for seamless fiat-onchain onramp.
Risk Rating
Average
What is Frax USD?
Information
Blockchain
- Ethereum
Info
- Asset Type: ERC-20
Key Metrics
Risk Assessment
Average
Asset Strength
frxUSD is a low-cap, fully collateralized asset. This asset is exposed to the underlying risks of Frax, a protocol rated as Watch out.
frxUSD is a stablecoin that trades within 50bps of its peg to , which makes it a less volatile store of value.
Dependencies
Asset Tokenomics
frxUSD does not have a supply schedule. frxUSD is a reedemable stablecoin issued by Frax Protocol. It is backed by Blackrock's BUIDL fund allowing for seamless fiat-onchain onramp.
Things to know about frxUSD
frxUSD Pools
