Frax USD
As of Oct 5, 2026, Frax USD holds $109M on Ethereum, down 2.5% over 30 days. Frax USD (frxUSD) i a fully collateralized tablecoin i ued by Frax Finance, combining off-chain cu todian holding ca h-equivalent re erve with on-chain minting and redemption mechani m .
History: DefiLlama. Latest value refreshed hourly.
Frax USD by chain
| Chain | Value | Share |
|---|---|---|
| Ethereum | $109M | 100.0% |
Total value locked on these chains: Ethereum TVL on ChainTVL.
Frax USD FAQ
What is Frax USD?
Frax USD (frxUSD) i a fully collateralized tablecoin i ued by Frax Finance, combining off-chain cu todian holding ca h-equivalent re erve with on-chain minting and redemption mechani m .
How much is in Frax USD?
As of Oct 5, 2026, Frax USD holds $109M on Ethereum, down 2.5% over 30 days. This is the value of the assets DefiLlama tracks onchain for Frax USD.
Which blockchains is Frax USD on?
Frax USD is on Ethereum.
Who issues Frax USD?
Frax USD is issued by Frax Finance. FRAX i a dollar-pegged tablecoin that u e AMO mart contract and permi ionle , non-cu todial ubprotocol a tability mechani m . The two internal ubprotocol u ed a tability mechani m are Fraxlend, a decentralized lending market and Frax wap, an automated market maker (AMM) with pecial feature . The external ubprotocol u ed a a tability mechani m i Curve. Additional ubprotocol and AMO can be added with governance allowing FRAX to incorporate future tability mechani m eamle ly a they are di covered.
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Onchain value from DefiLlama. Updated Oct 5, 2026. See the methodology. Not investment advice.