FRXUSD Frax USD USD
USD-pegged · fiat-backed · #50 by USD value
Peg history unavailable for FRXUSD — we only hold daily price history for coins with a CoinGecko listing in our tracked set.
Supply Over 90 Days
About Frax USD
Frax USD holds cash & t-bills (frax) against its FRXUSD supply, issued by Frax Finance. Supply spans 21 chains, with Ethereum holding 85% of it. Figures on this page come from DefiLlama and refresh daily at 00:00 UTC.
Chain Distribution supply by blockchain
| Chain | Share | Supply |
|---|---|---|
| Ethereum | 85.0% | $90.4M |
| Fraxtal | 11.3% | $12.0M |
| Sonic | 2.0% | $2.1M |
| Polygon | 0.4% | $436,792 |
| Solana | 0.3% | $359,310 |
| Base | 0.3% | $357,872 |
| OP Mainnet | 0.3% | $302,109 |
| Avalanche | 0.3% | $268,850 |
| BSC | 0.0% | $14,921 |
| Sei | 0.0% | $7,464 |
| Linea | 0.0% | $5,755 |
| Katana | 0.0% | $3,604 |
Supply Changes
Frequently Asked Questions
What backs FRXUSD?
FRXUSD is backed by cash & t-bills (frax). The issuer is Frax Finance. Reserve composition is as reported by the issuer; this page does not audit it.
How is FRXUSD different from USDT and USDC?
USDT and USDC are the two largest USD stablecoins by circulation. FRXUSD shares the USD peg but differs in issuer, reserve composition, chain mix, and where it is accepted. Use the comparison pages below for a field-by-field breakdown.
Where does the data on this page come from?
Circulating supply and chain distribution come from DefiLlama's stablecoin API; price and 24h volume come from CoinGecko. The page rebuilds daily at 00:00 UTC. Non-USD coins are converted to USD-equivalent using approximate reference rates, so those figures are indicative rather than exact.
Details
| Full Name | Frax USD |
| Symbol | FRXUSD |
| Peg | USD |
| Peg Mechanism | fiat-backed |
| Backing | Cash & T-bills (Frax) |
| Issuer | Frax Finance |
| Chains Deployed | 22 |
| CoinGecko | View on CoinGecko → |
| Data Source | DefiLlama → |
| Last Updated | 2026-08-09 · refreshes daily 00:00 UTC |
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