Market Cap

$2.79T

0.48%

24h Vol.

$87.88B

Dom.

58.27%

BTC

0.40%

ETH

0.93%

ETH Gas

Low

Avarage

High

Data by Etherscan

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Frax USD FRXUSD Social Audit & Trust Score

Name: Frax USD (FRXUSD)
Brand: Frax USD
Rating: 37.66 (5 reviews)

$0.9996 0.01%

Low All Time High

$0.9762 2% 0.69% $1.01

Overview

Frax USD $FRXUSD is a fully-collateralized, fiat-redeemable stablecoin by the Frax Finance Protocol. More

OG Score 37.66

Reviews 5

Market cap $138.71M

Market cap Rank #242

Market Data & Token Stats

Fully Diluted Valuation	$138.71M
24H Trading Volume	$5.37M
24H Low / High	$0.9993 / $1.00
Circulating Supply	138.76M
Total Supply	138.77M
Max Supply	∞

Market Health Signals

Vol / MC Ratio	3.87% Fair

Key Project Information

Categories	Stablecoins 29 more
Founder	Anonymous
Website	frax.com 2 more
Socials	2 more
Chains	Ethereum Ecosystem 26 more
Explorer	Fraxscan 7 more
Contracts	0xcac....86e29 26 more

FRXUSD/USD Live Price Chart

24h 7d 1m All

$FRXUSD Community Sentiment

OGAudit Security Evaluation & Social Audit Metrics

OG Score

Only Verified Crypto OGs Can Rate

OG Score Rank #670

Reviews 5

Gem Score N/A

OGAudit Coin Evaluation Metrics

Innovation 40 .44

Security 39 .74

Community 37 .62

Tokenomics 32 .36

Team 38 .68

Roadmap 37 .10

How is this score calculated? [Coin Rating Methodology]

Frax USD (frxusd) Expert User Reviews

Is Frax USD safe or a scam? Read verified Crypto OG reviews about Frax USD

Only Verified Crypto OGs Can Publish Reviews

Saif8844 24 minutes ago 0x63c...fefda

OG Score 35.87

Unlike other stable coins which often lack backing FraxUsd is backed by Black rock's funds which indicates a strong backing and strong stability, Team made all Data public that means there are no hidden development and everything happens in forefront of community. Despite a strong Stable coin it's much smaller than giant Stable coins as Usdt and USDC, Due to other stable coins which are already gained million of community it's extreme competition for FraxUsd most of crypto community trade in USDT as it's widely used and available almost in all region. FraxUsd is also a centralized coin if backers (companies who manage liquidity and funds) get banned or restrictions it can put a heavy negative impqct on FraxUsd, frax is trying to build ecosystem where FraxUsd is used as Native gas fee token, but it requires a large community who can support by trading and using In FraxUsd. FraxUsd could be good stable coin for people who trust back rock's ecosystem, Black Rock is most controversial company which often criticized by crypto community for it's control on large crypto assets.

FRXUSD $0.9996 Gem Score: N/A

TruthOnChain 5 hours ago 0x638...0563c

OG Score 30.37

Unlike many older algorithmic stablecoins that collapsed after the Terra disaster, Frax moved away from the risky partially algorithmic model and shifted toward stronger collateral backing. Today FRXUSD is mainly backed by cash-equivalent assets and tokenized treasuries https://stablecoininsider.org/frxusd-report-2026 However outside DeFi users, most normal crypto traders barely talk about FRXUSD. The ecosystem is respected, but retail attention is weak compared to bigger stablecoins. Also FRX governance is technically decentralized, but voting influence is still heavily concentrated among large veFXS holders..so keep that in mind.

FRXUSD $0.9999 Gem Score: N/A

JawadWeb3 22 Apr 2026 - 06:47 0xFd6...A6fc2

OG Score 39.90

Frax keeps changing things up moving from a hybrid model to full backing, and now throwing frxETH and an L2 into the mix, the tech is actually impressive and you have to respect how it's survived every market crash but all these shifts make it a headache for the average person to keep up with. It's a beast technically, for sure, but when most people just want a simple stable dollar they can trust, Frax starts to feel a bit over engineered, it's perfect for power users but unless they simplify the narrative, they are going to have a hard time taking market share from the giants. At the end of the day, simple wins the stablecoin game.

FRXUSD $0.9999 Gem Score: N/A

BUB RugHunter 14 Mar 2026 - 17:19 0xdb3...56b40

OG Score 41.87

Founder Sam Kazemian originally built Frax USD ($FRAX) as a fractional-algorithmic stablecoin, but its treasury relied heavily on centralized USDC. When Silicon Valley Bank collapsed in 2023, USDC cracked. The contagion poisoned Frax's deep Curve liquidity, causing the catastrophic $0.97 ATL and To avoid a Terra-style death spiral, the protocol abandoned the algorithmic model and voted for 100% collateralization https://www.google.com/search?q=https://cointelegraph.com/news/frax-finance-votes-to-fully-collateralize-its-stablecoin&hl=en-US Careful tho, a decentralized wrapper cannot protect you if the underlying TradFi collateral fails.

FRXUSD $1.00 Gem Score: N/A

Decypher 21 Feb 2026 - 16:10 0xd59...b2708

OG Score 40.28

This stable just feels properly safe. Calm and steady even when everything else is losing its mind. Like real big players are actually behind it keeping things tight.The extra earnings part could be shown clearer though. Still, it gives me way more trust than most others out there

FRXUSD $1.00 Gem Score: N/A

$frxusd Markets

Name	Pair	OG Score

About Frax USD

Frax USD $FRXUSD is a fully-collateralized and fiat-redeemable stablecoin issued by the Frax Finance Protocol. It is designed with a hybrid model that integrates governance-approved enshrined custodians for minting and redeeming the stablecoin, as well as on-chain mechanisms developed by the Frax Finance Protocol. This dual approach ensures both stability and flexibility, making $FRXUSD a reliable option for users.

Enshrined custodians are real-world entities that play a crucial role in minting and redeeming $FRXUSD on a 1-to-1 basis with $1.00 of cash-equivalent reserves. These custodians can mint $FRXUSD for provable reserves they hold or burn the stablecoin in exchange for releasing these reserves. With governance oversight, new enshrined custodians can be added and caps on their minting capabilities can be adjusted.

Key Features

Hybrid Model: Combines real-world custodian entities with on-chain mechanisms, providing a balance between decentralized operations and institutional-grade backing.

Transparency: Governance proposals oversee the addition of custodians and assets, ensuring community-driven decisions.

Permissionless Functionality: While enshrined custodians must comply with internal and regulatory requirements, $FRXUSD remains accessible to any user interacting with the custodian contracts.

Enshrined Custodians

Enshrined custodians are authorized to mint or burn $FRXUSD based on the reserves they hold. For example, a custodian may mint one $FRXUSD token for every $1.00 of cash-equivalent reserves in their control. When these tokens are burned, the corresponding reserve is released.

Custodian governance involves deploying specific contracts (e.g., frxUSDCustodian contracts) tied to the minting cap and the type of asset held. Users can interact with these contracts freely, although specific reserve tokens may have additional requirements like whitelists.

Added Custodians

Custodian assets are added through Frax governance proposals. Some examples include:

Securitize Markets, LLC: Custodies BUIDL assets under governance proposal FIP-418.

Superstate Inc.: Custodies USCC and USTB assets under governance proposals FIP-420 and FIP-421, respectively.

These assets enable $FRXUSD to maintain its fiat-redeemable nature, ensuring that as long as collateral tokens exist within custodian contracts, users can redeem them on demand.

Use Cases

Fiat-Backed Stability: Ideal for users looking for a stable digital asset fully backed by cash-equivalent reserves.

Institutional Integration: The ability to onboard real-world entities as enshrined custodians makes $FRXUSD suitable for enterprises and financial institutions.

Permissionless Access: Provides a decentralized solution for individuals, even as custodian entities operate within regulatory frameworks.

Conclusion

Frax USD $FRXUSD represents a significant advancement in the stablecoin space, combining the reliability of fiat-backed reserves with the flexibility and transparency of decentralized finance. By leveraging its hybrid model of enshrined custodians and on-chain mechanisms, Frax USD $FRXUSD ensures both stability and accessibility for a wide range of users. With its robust governance process and focus on maintaining a fully-collateralized and redeemable structure, Frax USD $FRXUSD stands out as a dependable option for individuals and institutions alike in the rapidly evolving blockchain ecosystem.

What is unique about Frax USD (FRXUSD)?

Frax USD $FRXUSD uniquely combines fiat-redeemable enshrined custodians with decentralized on-chain mechanisms for stability.

Who are the founders of Frax USD (FRXUSD)?

The founders of Frax USD are anonymous.

Where can I buy Frax USD (FRXUSD)?

Curve (Ethereum), OrcaUniswap V3 (Polygon)Aerodrome (Base)Fraxswap (Ethereum)

Information in this section carefully collected and curated from publicly available data from official sources, including the Frax USD Official Website, Frax USD GitHub Repository and Frax USD X (Twitter) Account.

The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.