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Frax Finance

Las Vegas, Nevada · Founded 2019 · CEO: Sam Kazemian · DAO · ↗ Website

Frax Finance is a decentralized finance protocol specializing in stablecoins, including frxUSD, which is backed by BlackRock's USD Institutional Digital Liquidity Fund.

Products

frxUSD active $133M
frxUSD
Rwa Backed

frxUSD is a stablecoin by Frax Finance, fully backed by tokenized U.S. Treasury assets, ensuring a 1:1 USD peg.

Key Events

2025-01Launched frxUSD, fully collateralized replacement for FRAX, backed by BlackRock BUIDL
2020-12Launched FRAX, the first fractional-algorithmic stablecoin

Overview

Frax Finance is a decentralized finance (DeFi) protocol that focuses on stablecoins and blockchain solutions. It operates without a traditional legal entity structure and is led by its founder, Sam Kazemian.

Regulatory Status

As a decentralized protocol, Frax Finance does not hold traditional regulatory licenses but has partnered with Securitize to enhance compliance and transparency.

Key Products

Frax Finance offers several stablecoin products, including frxUSD, a stablecoin backed by BlackRock's USD Institutional Digital Liquidity Fund, and FPI, a stablecoin pegged to the Consumer Price Index.