frxUSD

$99M market cap

Issued by Frax Finance · reviewed 29 October 2026

Market cap: $99M -2.39% 7d
30-day trend
Volume / market cap: 5.3%
Peg drift, 30 days: 0.10%

Market data as of 29 October 2026, the same daily snapshot the tracker publishes. Peg drift is the largest single-day distance from par over the last 30 days, for USD-pegged tokens only.

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

01

Instrument facts

Symbol	frxUSD
Peg	USD
Backing	Rwa backed
Status	Active
Launched	2025
Networks	L1 EVM Ethereum, BSC, Avalanche, Polygon PoS L1 non EVM Tron L2 Arbitrum, Optimism, Polygon zkEVM, zkSync
Specifications	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.
Use cases	DeFi collateral, Trading, Payments

02

Supply by chain

3 chains · $93M total

Chain	Supply
Ethereum	$75M
Fraxtal	$15M
Stable	$4M

Chains holding at least $1M of this token, from the daily cross-chain compilation. The total may differ from the market capitalization above, which is a separate measurement.

03

Contract addresses

28 chains

Chain	Address
Abstract	`0xea77c590bb36c43ef7139ce649cfbcfd6163170d`
Aptos	`0xe067037681385b86d8344e6b7746023604c6ac90ddc997ba3c58396c258ad17b`
Arbitrum One	`0x80eede496655fb9047dd39d9f418d5483ed600df`
Aurora	`0x80eede496655fb9047dd39d9f418d5483ed600df`
Avalanche	`0x80eede496655fb9047dd39d9f418d5483ed600df`
Base	`0xe5020a6d073a794b6e7f05678707de47986fb0b6`
Berachain	`0x80eede496655fb9047dd39d9f418d5483ed600df`
Binance Smart Chain	`0x80eede496655fb9047dd39d9f418d5483ed600df`
Blast	`0x80eede496655fb9047dd39d9f418d5483ed600df`
Ethereum	`0xcacd6fd266af91b8aed52accc382b4e165586e29`
Fraxtal	`0xfc00000000000000000000000000000000000001`
Ink	`0x80eede496655fb9047dd39d9f418d5483ed600df`
Katana	`0x80eede496655fb9047dd39d9f418d5483ed600df`
Linea	`0xc7346783f5e645aa998b106ef9e7f499528673d8`
Mode	`0x80eede496655fb9047dd39d9f418d5483ed600df`
Movement	`0xe067037681385b86d8344e6b7746023604c6ac90ddc997ba3c58396c258ad17b`
Optimistic Ethereum	`0x80eede496655fb9047dd39d9f418d5483ed600df`
Plume Network	`0x80eede496655fb9047dd39d9f418d5483ed600df`
Polygon PoS	`0x80eede496655fb9047dd39d9f418d5483ed600df`
Polygon zkEVM	`0x80eede496655fb9047dd39d9f418d5483ed600df`
Scroll	`0x397f939c3b91a74c321ea7129396492ba9cdce82`
Sei V2	`0x80eede496655fb9047dd39d9f418d5483ed600df`
Solana	`GzX1ireZDU865FiMaKrdVB1H6AE8LAqWYCg6chrMrfBw`
Sonic	`0x80eede496655fb9047dd39d9f418d5483ed600df`
Stable	`0x80eede496655fb9047dd39d9f418d5483ed600df`
Unichain	`0x80eede496655fb9047dd39d9f418d5483ed600df`
X Layer	`0x80eede496655fb9047dd39d9f418d5483ed600df`
zkSync	`0xea77c590bb36c43ef7139ce649cfbcfd6163170d`

Addresses as recorded for this token. Verify against the issuer's own published address before sending funds.

Official site

04

Background

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.

05

Frequently asked questions

What is frxUSD?

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

How is frxUSD backed?

Tokenized U.S. Treasury assets including BlackRock's USD Institutional Digital Liquidity Fund, Superstate's USTB, WisdomTree's WTGXX, and Bridge's USDB.

Which networks carry frxUSD?

frxUSD is recorded on 9 networks, including Ethereum, BSC, Avalanche, Polygon PoS, Tron, Arbitrum.

What is the market capitalization of frxUSD?

frxUSD has a market capitalization of $99M as of 29 October 2026.

06

Other US dollar stablecoins

Compiled from issuer disclosures, on-chain data and market data. Frax Finance · Methodology