Frax USD

Frax USD PriceFRXUSD

₹95.814453
-₹0.010506-0.01%

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Frax USD Price Today

Current FRXUSD/INR real-time price is ₹95.814453, with a 24-hour change rate of -0.01% and a 7-day change rate of +0.00%. FRXUSD currently ranks #245 globally by market cap, with a total market cap of ₹1.003697KCr, a fully diluted valuation (FDV) of ₹1.003697KCr, and a 24-hour trading volume of ₹27.541861Cr. In terms of supply, FRXUSD has a maximum supply of ∞, a current circulating supply of 10.48Cr, with 100.00% already in circulation and 0.00% remaining to be unlocked.

About Frax USD

What is Frax USD?

Frax USD (FRXUSD) is a decentralized, yield-bearing stablecoin that aims to combine price stability with capital efficiency. It has evolved from a hybrid algorithmic model to become a fully collateralized asset within the broader Frax Finance ecosystem, designed to maintain a soft peg to the US dollar.

Key Specifications & Tokenomics

ItemDetails
Name (Ticker)Frax USD (FRXUSD)
Alternative NamesFRAX, Frax
Consensus MechanismN/A (Asset on Fraxtal L2)
Smart ContractsYes (EVM/Fraxtal). The primary contract is deployed on multiple chains.
CategoryDecentralized Stablecoin, DeFi
Hash AlgorithmN/A
Block RewardN/A
Max SupplyUncapped (Supply adjusts based on demand and collateralization)
TPSDependent on the underlying Fraxtal L2 blockchain.
Scaling SolutionFraxtal (Ethereum Layer 2 using OP Stack)
BlockchainPrimarily issued on Fraxtal, Ethereum, and other EVM-compatible chains.

Who created Frax USD (FRXUSD)?

Frax USD was created by Frax Finance, a decentralized protocol founded by Sam Kazemian and Travis Moore. Kazemian, who has a background in biotechnology and philosophy, conceived the original Frax algorithmic stablecoin design. The project launched in 2020, introducing a novel "fractional-algorithmic" model. Over time, the protocol has been developed and governed by the Frax DAO, a decentralized autonomous organization consisting of FRAX and FXS (Frax Shares) token holders. The team and community have continuously iterated on the design, leading to its current fully collateralized and yield-bearing structure.

How does Frax USD (FRXUSD) work?

FRXUSD operates as a fully collateralized stablecoin. Its mechanism has evolved significantly from its initial design.

  • Collateralization: Each FRXUSD in circulation is backed by at least $1 worth of assets held in the Frax Protocol's treasury. The primary collateral is USDC, providing a strong base of liquidity and trust.
  • Yield Generation: The protocol does not let collateral sit idle. Through its "Frax Earn" program, the backing assets are deployed into various decentralized finance (DeFi) strategies, such as lending markets and liquidity pools, to generate yield.
  • Redemption & Minting: Users can always mint new FRXUSD by depositing $1 worth of acceptable collateral (like USDC) into the protocol. Conversely, they can redeem 1 FRXUSD for $1 worth of the underlying collateral, minus a small fee, ensuring the peg is maintained through arbitrage.
  • Fraxtal Integration: As the native stablecoin of the Fraxtal ecosystem, FRXUSD is used for gas fees and is deeply integrated into applications built on this high-speed, low-cost Layer 2.

What makes Frax USD (FRXUSD) unique and valuable?

FRXUSD stands out in the crowded stablecoin landscape due to its innovative evolution and value proposition.

  • Evolution to Full Backing: Its transition from an algorithmic model to a fully, transparently collateralized one addresses the concerns associated with purely algorithmic stablecoins, enhancing its stability and trustworthiness.
  • Native Yield: Unlike most stablecoins that are inert, FRXUSD is designed to be yield-bearing. The interest generated from its collateral is used to buy back and burn the protocol's governance token, FXS, or can be passed on to holders, creating a unique value accrual mechanism.
  • Capital Efficiency: By actively employing its collateral in yield-generating activities, the Frax Protocol creates a more capital-efficient system compared to stablecoins with static reserves.
  • Ecosystem Heart: FRXUSD is not just a standalone asset; it's the central medium of exchange and unit of account for the entire Frax ecosystem, including Fraxtal L2, Fraxswap (AMM), and Fraxlend (lending).

What is Frax USD (FRXUSD) used for?

FRXUSD serves multiple critical functions within the DeFi ecosystem.

  • Trading Pair and Liquidity: It is a major base trading pair on decentralized exchanges (DEXs), especially within the Frax ecosystem, providing deep liquidity for crypto trading.
  • Collateral in Lending: Users can deposit FRXUSD as collateral to borrow other assets on lending platforms like Fraxlend, leveraging their stablecoin holdings.
  • Gas Currency on Fraxtal: FRXUSD can be used to pay for transaction fees on the Fraxtal Layer 2 network, promoting its adoption as a native currency.
  • Yield Farming and Savings: Holders can stake FRXUSD in the Frax Earn program or other DeFi protocols to earn passive income, using it as a savings vehicle with potential yield.
  • Cross-Chain Transfers: As a widely adopted stablecoin, it is used for fast, low-cost value transfer across different blockchain networks via bridges.

How Is the Frax USD (FRXUSD) ecosystem developing?

The FRXUSD ecosystem is rapidly expanding, centered around the Frax Finance protocol's multi-chain vision.

  • Fraxtal Layer 2: The development of Fraxtal, an Ethereum L2 using Optimism's OP Stack and secured by frxETH, is a major focus. It aims to become a hub for DeFi applications that natively use FRXUSD.
  • Fraxchain Vision: The long-term roadmap points towards "Fraxchain," a potential sovereign blockchain that would further decentralize the ecosystem's infrastructure.
  • DeFi Integrations: FRXUSD is continuously being integrated into new DeFi protocols across Ethereum, Arbitrum, Avalanche, and other chains, expanding its utility.
  • Monetary Policy Tools: The Frax DAO actively develops and votes on new monetary policy features, such as the AMO (Algorithmic Market Operations Controller), to manage supply and peg stability dynamically.

How to mine Frax USD (FRXUSD)?

FRXUSD is not mined through proof-of-work. It is minted through the Frax Protocol. There are two primary ways to acquire newly minted FRXUSD:

  1. Direct Minting: Users can mint FRXUSD by depositing an equivalent value of approved collateral (e.g., USDC) directly into the Frax Finance application. The protocol issues new FRXUSD tokens against this collateral.
  2. Liquidity Provision: While not mining in the traditional sense, providing liquidity in pools containing FRXUSD (e.g., on Fraxswap) can earn you liquidity provider (LP) fees and often additional FXS token rewards, which is a form of yield generation.

How to keep your FRXUSD Coin safe?

Securing your FRXUSD involves standard cryptocurrency security best practices.

  • Use a Hardware Wallet: For significant holdings, store your FRXUSD in a wallet whose private keys are secured by a hardware device like a Ledger or Trezor. This keeps your keys offline and safe from online threats.
  • Secure Software Wallets: For smaller, more active amounts, use reputable non-custodial software wallets (e.g., MetaMask, Rabby). Always safeguard your seed phrase—never share it or store it digitally.
  • Verify Contracts: When interacting with the Frax Protocol or any DeFi platform, always verify you are on the correct website and interacting with the official smart contract addresses.
  • Beware of Scams: Be cautious of unsolicited offers, fake support channels, and phishing websites pretending to be Frax Finance.

How to buy FRXUSD Coin?

FRXUSD is a popular decentralized stablecoin listed on many exchanges. However, it is recommended to trade on a major platform like BTCC for higher liquidity and better customer support.

  1. Register a BTCC Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.
  2. Deposit Funds: Deposit fiat currency (via bank transfer, card, or third-party payment) or transfer USDT from an external wallet into your BTCC account.
  3. Start Trading: Go to the trading page and search for the spot trading pair FRXUSD/USDT or the perpetual contract FRXUSD/USDT.
  4. Place an Order: Enter the amount of FRXUSD you wish to purchase and submit the order. For contract trading, you can also choose to go short (sell) and adjust the leverage multiplier according to your strategy and risk tolerance.
  5. Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived. For contract trades, check the trading page to see if your order was filled successfully.

How to Buy and Use Frax USD

Purchase Guide

Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)

  1. 1Register AccountUse email or phone number to quickly complete BTCC registration in under 1 minute.
  2. 2Identity VerificationComplete basic KYC verification to protect your account and assets.
  3. 3Quick TradeSupports credit cards, online banking and other quick purchase methods.
  4. 4Receive CoinsFrax USD is instantly credited to your BTCC account, ready for trading at any time.

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Choose Frax USD products that suit your trading style

Thank you for your interest in BTCC. Currently, spot and futures trading services for FRXUSD are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.

Frax USD FAQs

How does staking FRXUSD through the sfrxUSD vault affect Frax USD supply and price?

Staked Frax USD (sfrxUSD) is the yield-accruing ERC-4626 vault for Frax USD (FRXUSD). When users deposit FRXUSD into the vault, they receive sfrxUSD, which is fully redeemable for FRXUSD at an exchange rate that rises as yield is earned. This does not reduce the FRXUSD supply, because the underlying tokens remain in circulation inside the vault rather than being burned.

What staking does change is the effective float. FRXUSD held in the vault is routed through a governance-approved Benchmark Yield Strategy that rotates across carry-trade venues, DeFi AMO strategies, and short-dated U.S. Treasury bill exposures. Locked balances are less likely to be sold on the open market, which can support the peg during stress and reduce sell-side pressure.

Because FRXUSD is a fiat-redeemable stablecoin backed 1-to-1 by cash-equivalent reserves, its price is designed to track $1.00 rather than appreciate. The main long-term implication is therefore peg stability and deeper liquidity, not upside price growth.

How do Frax USD network upgrades, gas fees, and DeFi integrations impact FRXUSD's value?

Frax USD (FRXUSD) is natively supported on Ethereum and Fraxtal, and is represented as a LayerZero Omnichain Fungible Token on other networks. This means upgrades that lower gas costs or improve cross-chain messaging directly affect how cheaply FRXUSD can move and settle.

Key value channels include:

  • Gas efficiency: cheaper transactions on Ethereum L2s and Fraxtal make small FRXUSD transfers and redemptions more practical, increasing real usage.
  • DeFi integrations: FRXUSD serves as collateral and a quote asset across Frax sub-protocols such as Fraxlend and Curve/AMO venues, plus third-party platforms. More integrations mean more demand to hold and borrow FRXUSD.
  • Multi-chain reach: availability on over 20 networks, coordinated through FraxNet, expands the addressable user base.

Because FRXUSD is a fully collateralized stablecoin, these upgrades mainly strengthen liquidity, peg stability, and adoption rather than driving speculative price appreciation.

How would a spot ETF or institutional adoption of Frax USD affect FRXUSD's price?

A spot ETF is a listed fund that holds the underlying asset directly, letting traditional brokerage and retirement accounts gain exposure without managing wallets or private keys. For Frax USD (FRXUSD), institutional adoption is already visible through its reserve structure: FRXUSD is backed 1-to-1 by tokenized U.S. Treasury funds such as BlackRock's BUIDL, Superstate's USTB, and WisdomTree's WTGXX, held with regulated custodians.

Sustained institutional inflows would likely affect FRXUSD in three ways:

  • Liquidity: larger mint and redemption flows deepen order books and tighten spreads.
  • Legitimacy: regulated custody and compliance oversight from Frax Inc improve confidence among conservative allocators.
  • Price floor: because FRXUSD is fiat-redeemable and fully collateralized, institutional demand reinforces the $1.00 peg rather than pushing the token far above it.

In short, institutional adoption mainly strengthens peg reliability and scale, not speculative upside.

What is the difference between Frax USD (FRXUSD) and Tether (USDT)?

Both Frax USD (FRXUSD) and Tether (USDT) are dollar-pegged stablecoins, but they differ in backing structure, governance, and transparency model.

DimensionFrax USD (FRXUSD)Tether (USDT)
Core PositioningFiat-redeemable, fully collateralized stablecoin issued by the Frax ProtocolLargest dollar-pegged stablecoin by market cap
Supply ModelMinted and burned 1-to-1 by governance-approved enshrined custodiansMinted and redeemed by Tether Limited
ConsensusERC-20 on Ethereum and Fraxtal; LayerZero OFT elsewhereIssued across many blockchains, including Ethereum
Main Use CasesDeFi collateral, settlement, sfrxUSD yield vaultTrading pair base, payments, offshore dollar access

FRXUSD emphasizes tokenized U.S. Treasury reserves and DAO governance, while USDT focuses on liquidity and broad exchange support.

How do I set stop-loss and take-profit orders on FRXUSD futures?

On BTCC, you can attach stop-loss (SL) and take-profit (TP) orders to any FRXUSD/USDT perpetual contract position. These orders close your position automatically once a trigger price is reached, which removes the need to watch the chart constantly.

  • Long position: place the stop-loss below a key support zone, the most recent swing low, or a moving average you are trading against. Place the take-profit near the next resistance level or a measured-move target.
  • Short position: place the stop-loss above a key resistance level or recent swing high. Place the take-profit near the next support zone below your entry.
  • Trailing stop: enable the trailing stop feature so the stop-loss follows price as the trade moves in your favour. This locks in profits and lets you move the stop to break-even once the position is safely in the green.

Always confirm the trigger price and order type before submitting, and keep position size aligned with your risk tolerance.

What is the current price, market cap, and 24h volume of Frax USD (FRXUSD)?

The current price of Frax USD (FRXUSD) is ₹95.814453, with a market cap of ₹1.003697KCr and 24h trading volume of ₹27.541861Cr. The circulating supply is 10.48Cr (max supply ∞).

Because FRXUSD is a fiat-redeemable stablecoin backed 1-to-1 by cash-equivalent reserves, its price is designed to stay close to $1.00, and small deviations usually reflect short-term liquidity conditions rather than a change in fundamentals.

For live quotes, depth, and funding rates, open the FRXUSD/USDT perpetual contract page on BTCC and check the real-time order book before placing any trade.

What are the core drivers of Frax USD (FRXUSD) price movement?

Frax USD (FRXUSD) is a fully collateralized stablecoin, so its price drivers differ from volatile crypto assets. The main forces fall into three layers:

  • Supply side: mint and burn activity through enshrined custodians, the amount of FRXUSD locked in the sfrxUSD vault, and reserve composition all affect the effective float and peg pressure.
  • Ecosystem: total value locked in Frax sub-protocols such as Fraxlend and Curve/AMO venues, DeFi integration depth, and multi-chain usage across 20+ networks influence real demand for FRXUSD.
  • Macro: Federal Reserve rate decisions, global dollar liquidity, institutional flows into tokenized Treasury products, and U.S. stablecoin regulation all shape how attractive FRXUSD and its yield vault are.

Together these factors mainly determine peg stability and liquidity rather than directional price growth.

What is Frax USD (FRXUSD)'s all-time high and all-time low?

The all-time high of Frax USD (FRXUSD) is ₹121.080392, reached on 2025-05-09 10:30; the all-time low is ₹93.723432, recorded on 2026-05-04 16:20.

For a fiat-redeemable stablecoin designed to track $1.00, these extremes typically reflect temporary liquidity dislocations rather than lasting changes in value. The ATH above peg usually appears during periods of strong demand or thin order books, while the ATL below peg reflects moments of redemption pressure or market stress.

You can inspect the full-cycle chart, including volume and funding history, on the FRXUSD/USDT perpetual contract page on BTCC before making any trading decision.

How do I read FRXUSD candlestick charts for futures trading?

Reading Frax USD (FRXUSD) candlesticks on BTCC starts with the anatomy of a single candle:

  • Open, high, low, close: the four prices that define each period. The body spans open to close; the wicks show the high and low.
  • Body vs wick: a long body signals strong directional conviction, while long wicks suggest rejection at those levels.

Next, layer in context:

  • Support and resistance: zones where price has repeatedly reversed or stalled.
  • Moving averages: MA and EMA lines smooth price and show trend direction; crosses can hint at momentum shifts.
  • RSI: readings above 70 suggest overbought conditions, below 30 suggest oversold.
  • Volume: breakouts above resistance or below support are more reliable when confirmed by rising volume.

Combine these signals rather than relying on any single indicator.

How can I profit when Frax USD (FRXUSD) drops using short selling?

You can short Frax USD (FRXUSD) without holding any spot tokens by using BTCC FRXUSD/USDT perpetual contracts. The mechanics are straightforward: open a short position at a higher price, then close it (buy back) at a lower price to lock in the price difference as profit.

This gives traders a two-way opportunity. In bear markets or during sharp pullbacks, a short position can generate gains while long-only holders are losing value. Because perpetual contracts never expire, you can hold the position as long as your margin requirements are met.

Key risk controls to keep in mind:

  • Use stop-loss orders above key resistance to cap losses if price reverses upward.
  • Set take-profit orders near support zones to secure gains.
  • Consider a trailing stop to lock in profits as the price falls.

Always size positions according to your risk tolerance and monitor funding rates.

Can I trade Frax USD (FRXUSD) perpetual contracts with high leverage?

Yes. BTCC offers flexible leverage on Frax USD (FRXUSD) perpetual contracts, with up to 50x available on the FRXUSD/USDT pair, subject to platform risk rules and position-size limits.

Leverage magnifies both gains and losses. A small adverse move at high leverage can trigger liquidation and wipe out your margin, so it should be used with discipline rather than as a default setting.

Recommendations for safer trading:

  • Beginners should start at 2x to 10x to build experience with margin mechanics.
  • Always attach a strict stop-loss to every leveraged position.
  • Keep position size small relative to your total account balance.
  • Monitor funding rates and margin ratio to avoid forced liquidation.

Higher leverage is a tool for experienced traders, not a shortcut to larger profits.

How can I practice FRXUSD trading with a free demo account?

BTCC provides a demo trading mode so you can practice Frax USD (FRXUSD) strategies without risking real capital. After registering on BTCC, switch to "Demo Trading" mode and you will receive virtual funds, typically 100,000 USDT, credited to your demo account.

In demo mode you can practice the full workflow using real FRXUSD market data:

  • Adjusting leverage on the FRXUSD/USDT perpetual contract.
  • Placing market and limit orders.
  • Setting take-profit and stop-loss levels.
  • Testing trailing stops and position-sizing rules.

Because the market data is live, the demo environment mirrors real trading conditions closely, making it a useful place to build confidence before switching to a funded account. Progress to live trading only once your strategy performs consistently in the demo.

How do I buy and trade Frax USD (FRXUSD) step by step?

Buying and trading Frax USD (FRXUSD) on BTCC follows a simple four-step flow:

  1. Register and complete KYC: create a BTCC account and finish identity verification to unlock deposits and trading.
  2. Deposit USDT: fund your account with USDT via card purchase or by transferring from an external wallet.
  3. Open the trading page: go to the FRXUSD/USDT perpetual contract page on BTCC.
  4. Place your order: set margin mode and leverage, choose Long or Short, configure stop-loss and take-profit levels, then confirm the order.

Because FRXUSD is a fiat-redeemable stablecoin, its price is designed to track $1.00, so most traders use it for hedging, yield strategies, or short-term basis trades rather than long-term directional bets. Always review the order book and funding rate before entering.

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