Frax USD
Frax USD (frxUSD) is a stablecoin issued by Frax Finance. According to the source, it uses a fully collateralized model, with cash-equivalent reserves held by an off-chain custodian and combined with on-chain minting and redemption mechanisms.
Overview
Frax USD (frxUSD) is a stablecoin issued by Frax Finance. According to the source, it uses a fully collateralized model, with cash-equivalent reserves held by an off-chain custodian and combined with on-chain minting and redemption mechanisms.
- Sector
- # RWA
- Ecosystem
- —
Team
Team information has not been disclosed.
Funding history
0 disclosed roundsNo disclosed funding records.
Related news
Market updates
No related market updates.
People updates
No related people updates.