frxUSD
frxUSD
active
Rwa Backed
USD
Market Cap $114M
frxUSD is a stablecoin by Frax Finance, fully backed by tokenized U.S. Treasury assets, ensuring a 1:1 USD peg.
Key Data
| Backing | Tokenized U.S. Treasury assets including BlackRock's USD Institutional Digital Liquidity Fund, Superstate's USTB, WisdomTree's WTGXX, and Bridge's USDB. |
| Redemption | Users can mint and redeem frxUSD on a 1:1 basis using approved collateral such as USDC, PYUSD, USDT, USDB, and tokenized treasuries. Redemptions are processed intra-business day or by the next business day. |
| Peg Currency | USD |
| Launched | 2025 |
Supported Networks
Cross-Chain Supply (DefiLlama · $110M total)
Use Cases
Defi CollateralTradingPayments
frxUSD is a stablecoin launched by Frax Finance in January 2025, designed to maintain a stable value pegged to the USD.
frxUSD operates on a 1:1 backing mechanism with tokenized U.S. Treasury assets, including BlackRock's USD Institutional Digital Liquidity Fund.
The reserves consist of cash, U.S. Treasury bills, and repurchase agreements, ensuring full backing for each frxUSD token.
Other USD Stablecoins
Profile compiled from issuer disclosures, regulatory filings, press releases, and financial media. Market and on-chain data sourced directly or via third-party providers. See methodology.