USD-pegged · fiat-backed · #52 by USD value
Frax USD (FRXUSD) is a USD-pegged fiat-backed stablecoin. It currently ranks #52 among tracked stablecoins by circulating supply, and is deployed across 22 blockchains. Data is updated daily at 00:00 UTC from DefiLlama.
| Chain | Share | Supply |
|---|---|---|
| Ethereum | 87.0% | $89.6M |
| Fraxtal | 9.1% | $9.4M |
| Sonic | 2.1% | $2.2M |
| Polygon | 0.4% | $431,083 |
| Base | 0.4% | $367,253 |
| Solana | 0.3% | $359,411 |
| OP Mainnet | 0.3% | $302,009 |
| Avalanche | 0.3% | $258,930 |
| BSC | 0.0% | $15,039 |
| Sei | 0.0% | $7,466 |
| Linea | 0.0% | $5,756 |
| Katana | 0.0% | $3,609 |
Frax USD (FRXUSD) is a USD-pegged stablecoin. Its peg mechanism is fiat-backed, and it currently ranks #52 among tracked stablecoins by circulating supply.
FRXUSD has a circulating supply of $102.9M (USD equivalent). Data updates daily at 00:00 UTC from DefiLlama.
FRXUSD is backed by fiat-backed. This means holders' claims are collateralized in that form, with reserves reported by the issuer.
FRXUSD is deployed across 22 blockchains, with Ethereum holding the largest share of supply. See the Chain Distribution section on this page for the full breakdown.
FRXUSD shares a USD peg with USDT and USDC — the market's two largest stablecoins — but differs in issuer, backing composition, and typical use cases. USDT and USDC together account for the majority of USD stablecoin supply; FRXUSD ranks #52.
| Full Name | Frax USD |
| Symbol | FRXUSD |
| Peg | USD |
| Peg Mechanism | fiat-backed |
| Backing | fiat-backed |
| Chains Deployed | 22 |
| CoinGecko | View on CoinGecko → |
| Data Source | DefiLlama → |
| Last Updated | 2026-07-27 · refreshes daily 00:00 UTC |