Frax USD (FRXUSD) price and market data

About Frax USD

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.

Trading FRXUSD on Hypertradeworx

Hypertradeworx is a self-custodial trading terminal. Where FRXUSD is listed as a perpetual, the same order ticket routes to Hyperliquid, Lighter, AsterDex, GMX and Ostium, so you choose the venue per trade instead of moving funds between apps. Your keys stay on your device throughout, and you can fund by card, swap across chains, or withdraw without an exchange account.

Questions

What is Frax USD?

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.

What is the current Frax USD price?

Frax USD trades at $0.9999, +0.05% over the last 24 hours. Prices update live in the terminal above.

Can I trade FRXUSD perpetuals?

Where FRXUSD is listed as a perpetual, Hypertradeworx routes the order across Hyperliquid, Lighter, AsterDex, GMX and Ostium from a single ticket, with your keys held in a self-custodial wallet on your device.

What is the Frax USD market cap?

Frax USD has a market capitalisation of $114.36M, ranking #238 by market cap, with $5.25M traded in the last 24 hours.