Frax USD
FRXUSD #245Project Safety Score: 69%
Updated 1 minute agoFrax USD (frxUSD) is a fiat-redeemable stablecoin issued by the Frax Finance Protocol. It is described as fully-collateralized and backed by cash-equivalent reserves.
The system uses a hybrid model in which governance-approved enshrined custodians mint and redeem frxUSD. It also relies on onchain mechanisms developed by the Frax Finance Protocol to support stability, security, and usage in DeFi and traditional financial systems.
Risk Report
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
Peg stability score 69 out of 100 (BBB). On current pricing, Frax USD is trading very close to its target, at $0.9997 with a very small daily change of +0.0003. This suggests the market is pricing the asset near par at the time of measurement. The score also reflects the asset’s market size tier, with a market cap of $138,900,945, which supports liquidity-based stability but is not the highest tier.
Inherent crypto risk for this stablecoin. Even with a strong peg performance snapshot and a BBB-level overall safety score, stablecoins can still face risks tied to reserve transparency, liquidity stress, and market-wide volatility. When liquidity thins or confidence in the backing system changes, stablecoin prices can deviate from target and redemption conditions can become harder. For investors, monitoring reserve health, operational stability, and market liquidity is important even for assets designed to reduce price swings.
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Sam Kazemian - FounderPRNewswire release for the frxUSD launch states Frax was founded by Sam Kazemian.
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Stephen Moore - FounderPRNewswire release for the frxUSD launch states Frax was founded by Stephen Moore.
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Certik 2020-11 unknownFrax documentation lists a Nov 2020 Certik audit, but the specific frxUSD-related report URL and findings are not provided on the page we accessed.
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Trail of Bits 2025-03 unknownFrax documentation lists multiple Trail of Bits audits and a 2025 March entry, but the specific audit report URL for frxUSD is not directly accessible from the material retrieved in this session.
- ✓frxUSD is described by Frax documentation as fully backed by bankruptcy-remote, tokenized U.S. Treasury funds. ([docs.frax.com](https://docs.frax.com/frxusd))
- ✓Frax documentation provides a cross-chain contract addresses list for frxUSD across many networks, indicating a defined on-chain deployment surface. ([docs.frax.com](https://docs.frax.com/frxusd/frxusd-contracts))
- ✓PRNewswire describes frxUSD as launched on Jan 2, 2025, backed by BlackRock's BUIDL tokenized by Securitize. ([prnewswire.com](https://www.prnewswire.com/news-releases/frax-launches-frxusd-stablecoin-backed-by-the-blackrocks-usd-institutional-digital-liquidity-fund-buidl-tokenized-by-securitize-302341497.html))
Price Chart
Contract Security
0xcacd6fd266af91b8aed52accc382b4e165586e29On-Chain Facts
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0x84202545b4f7517f2…33.50% -
0x34c0bd5877a5ee709…8.42% -
0xf292eb6c5dcb693ea…7.07% -
0x47b83ab797f7b27a3…6.52% -
0x4b45d73b83686e69d…5.59% -
0xcca852bc40e560adc…5.48% -
0x13e12bb0e6a2f1a3d…5.02% -
0x9a9e2e70919c75d80…4.85% -
0xab3cb84c310186b2f…2.95% -
0x189624b0748b67e52…2.37%
Frax USD Exchanges
Top 20 by trust scoreView on Chain
Market Stats
Recent News
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