Frax USD Live Price Update & Market Capitalization

Frax USD FRXUSD #422

$1.000 0.01% (1d)

Market Overview

Frax USD current market price is $1.000 with a 24 hour trading volume of $7,044.73K. The total available supply of Frax USD is 99.66M FRXUSD. It has secured Rank 422 in the cryptocurrency market with a marketcap of $99.92M. The FRXUSD price is 0.22% down in the last one hour.


The high price of the Frax USD is $1.00 and low price is $0.996 in the last 24 hours. Live prices from all markets and coin market Capitalization. Stay up to date with the latest price movements. Check our coin stats data and see when there is an opportunity to buy or sell at best price in the market.

Frax USD Rank

422

Frax USD Price

$1.000

Market Cap

$99.92M 8.35%

Fully Diluted Valuation

$99.92M

Trading Volume(24h)

$7,044.73K

Circulating Supply

99.66M FRXUSD

Total Supply

99.66M FRXUSD

Max Supply

(Not Available)

High(24h)

$1.00

Low(24h)

$0.996

All-time High

$1.01 0.37%
30 May 2025

All-time Low

$0.976 2.73%
17 Feb 2025

Cryptocurrency Frax USD Calculator

Want to convert more cryptocurrencies?

Frax USD Price Chart

1h

0.22%

24h

0.01%

7d

0.04%

14d

0.03%

30d

0.02%

60d

0.02%

200d

0.04%

1y

0%

Frax USD Historical Data

Historical data of Frax USD past 365 days.

DateMarket CapVolumeClose
2025-02-16$18,495,787.69$4,961.51$0.99
2025-02-17$18,495,787.69$4,961.51$0.99
2025-02-18$18,540,634.79$102,794.76$0.99
2025-02-19$19,488,629.57$116,663.12$1.00
2025-02-20$69,544,025.32$296,755.26$1.00
2025-02-21$70,333,607.23$2,572,680.79$1.00
2025-02-22$70,757,785.53$6,438,671.50$1.00
2025-02-23$74,334,739.02$7,481,094.28$1.00
2025-02-24$75,151,313.01$2,242,265.13$1.00
2025-02-25$74,732,218.01$994,614.16$0.99
2025-02-26$75,468,592.20$6,876,065.38$1.00
2025-02-27$75,531,945.63$2,397,231.18$1.00
2025-02-28$76,015,463.74$1,332,596.05$1.00
2025-03-01$77,308,143.57$2,486,752.16$1.00
2025-03-02$77,424,844.24$1,081,898.51$1.00
2025-03-03$77,479,678.65$1,172,681.30$1.00
2025-03-04$77,503,536.53$2,173,757.22$1.00
2025-03-05$77,536,309.13$2,893,004.75$1.00
2025-03-06$77,722,452.80$840,949.06$1.00
2025-03-07$78,628,615.02$6,330,708.87$1.00
2025-03-08$79,258,834.10$15,935,034.26$1.00
2025-03-09$84,842,861.66$21,975,767.48$1.00
2025-03-10$84,919,656.79$2,674,444.96$1.00
2025-03-11$85,399,053.57$3,612,512.65$1.00
2025-03-12$85,446,763.50$3,042,634.78$1.00
2025-03-13$86,052,068.61$1,892,489.79$1.00
2025-03-14$86,125,793.91$3,868,420.15$1.00
2025-03-15$86,150,324.39$2,053,887.51$1.00
2025-03-16$86,145,054.90$1,629,300.21$1.00
2025-03-17$86,251,998.14$3,272,554.97$1.00
2025-03-18$88,067,686.65$1,825,354.11$1.00
2025-03-19$87,999,767.40$2,085,783.92$1.00
2025-03-20$88,067,490.19$4,590,374.84$1.00
2025-03-21$90,697,394.31$9,586,931.67$1.00
2025-03-22$93,842,316.56$20,165,754.48$1.00
2025-03-23$96,249,840.63$3,537,553.94$1.00
2025-03-24$96,620,388.84$5,837,916.23$1.00
2025-03-25$96,682,728.88$5,414,626.41$1.00
2025-03-26$96,674,104.64$2,093,209.94$1.00
2025-03-27$96,777,404.49$1,572,059.82$1.00
2025-03-28$85,461,174.52$4,188,643.24$1.00
2025-03-29$85,468,867.62$3,509,332.09$1.00
2025-03-30$85,842,948.28$4,383,663.48$1.00
2025-03-31$85,903,075.54$2,502,755.62$1.00
2025-04-01$85,990,258.08$3,274,763.47$1.00
2025-04-02$86,125,652.20$3,073,527.78$1.00
2025-04-03$86,235,080.64$2,430,547.04$1.00
2025-04-04$80,484,855.12$2,597,683.09$1.00
2025-04-05$82,206,031.33$7,423,521.38$1.00
2025-04-06$85,265,820.20$14,181,471.66$1.00
2025-04-07$85,532,011.35$3,290,440.62$1.00
2025-04-08$85,722,687.19$7,250,899.60$1.00
2025-04-09$81,731,392.12$10,826,735.42$1.00
2025-04-10$81,851,737.84$3,742,262.05$1.00
2025-04-11$81,848,012.54$3,726,016.47$1.00
2025-04-12$81,880,435.68$10,035,899.60$1.00
2025-04-13$81,968,122.79$9,970,680.91$1.00
2025-04-14$81,921,525.01$3,999,534.46$1.00
2025-04-15$81,891,146.58$4,584,069.17$1.00
2025-04-16$81,947,121.44$1,145,869.27$1.00
2025-04-17$82,044,249.04$1,996,646.35$1.00
2025-04-18$82,380,055.53$1,273,618.82$1.00
2025-04-19$82,419,933.30$1,202,453.02$1.00
2025-04-20$82,458,286.57$785,863.00$1.00
2025-04-21$82,430,949.35$1,700,280.05$1.00
2025-04-22$82,430,249.73$326,510.68$1.00
2025-04-23$82,733,710.54$990,823.93$1.00
2025-04-24$82,701,525.82$1,595,577.64$1.00
2025-04-25$82,724,625.18$1,593,510.78$1.00
2025-04-26$82,791,802.45$1,346,194.88$1.00
2025-04-27$82,794,208.76$1,730,069.35$1.00
2025-04-28$82,831,296.36$2,227,984.05$1.00
2025-04-29$82,915,789.55$1,726,290.32$1.00
2025-04-30$82,916,796.82$1,937,325.33$1.00
2025-05-01$82,929,289.48$2,596,591.56$1.00
2025-05-02$82,983,938.27$5,745,706.11$1.00
2025-05-03$82,653,579.77$2,190,955.09$1.00
2025-05-04$82,347,831.25$913,132.21$1.00
2025-05-05$82,358,530.64$823,147.82$1.00
2025-05-06$82,328,329.23$2,104,250.42$1.00
2025-05-07$82,334,184.69$2,970,096.48$1.00
2025-05-08$82,384,136.05$5,112,749.74$1.00
2025-05-09$82,396,865.52$3,918,762.88$1.00
2025-05-10$77,693,231.16$4,279,593.15$1.00
2025-05-11$77,710,641.96$2,104,854.97$1.00
2025-05-12$77,722,631.23$2,904,611.69$1.00
2025-05-13$77,692,569.96$3,717,535.96$1.00
2025-05-14$77,823,680.24$3,672,705.53$1.00
2025-05-15$77,835,740.61$3,535,714.87$1.00
2025-05-16$76,111,643.86$7,180,061.81$1.00
2025-05-17$76,561,683.72$1,433,873.09$1.00
2025-05-18$76,576,773.38$1,529,531.69$1.00
2025-05-19$76,668,809.67$1,728,341.39$1.00
2025-05-20$73,690,888.60$1,475,425.08$1.00
2025-05-21$73,687,959.01$1,267,488.56$1.00
2025-05-22$73,670,823.83$1,953,279.06$1.00
2025-05-23$61,037,064.93$4,979,374.26$1.00
2025-05-24$61,009,345.98$6,914,781.45$1.00
2025-05-25$61,017,422.47$647,029.97$1.00
2025-05-26$61,006,078.11$671,916.86$1.00
2025-05-27$61,032,717.99$959,463.04$1.00
2025-05-28$61,028,296.50$2,588,295.80$1.00
2025-05-29$61,042,733.70$1,536,788.26$1.00
2025-05-30$61,012,169.34$8,417,201.82$1.00
2025-05-31$61,023,521.17$2,873,333.34$1.00
2025-06-01$61,508,082.57$3,715,880.55$1.00
2025-06-02$61,496,752.86$1,296,844.62$1.00
2025-06-03$61,514,347.04$956,086.08$1.00
2025-06-04$61,491,882.80$2,226,275.79$1.00
2025-06-05$61,613,785.24$2,018,786.94$1.00
2025-06-06$61,580,605.84$1,837,199.83$1.00
2025-06-07$61,619,387.88$1,122,478.13$1.00
2025-06-08$61,612,262.44$390,753.93$1.00
2025-06-09$61,622,480.33$831,990.60$1.00
2025-06-10$62,537,229.34$3,362,663.90$1.00
2025-06-11$62,857,827.09$1,774,569.46$1.00
2025-06-12$63,764,911.14$2,877,835.92$1.00
2025-06-13$63,607,607.12$3,520,461.48$1.00
2025-06-14$63,606,087.67$640,755.66$1.00
2025-06-15$63,608,305.99$739,528.83$1.00
2025-06-16$63,598,240.20$1,041,981.46$1.00
2025-06-17$63,597,110.68$360,650.11$1.00
2025-06-18$64,613,701.55$8,395,029.62$1.00
2025-06-19$62,082,205.82$1,367,953.34$1.00
2025-06-20$61,753,134.11$4,502,388.64$1.00
2025-06-21$61,710,437.47$5,245,618.21$1.00
2025-06-22$61,732,532.81$1,245,229.76$1.00
2025-06-23$61,717,842.29$834,155.80$1.00
2025-06-24$61,733,769.62$2,538,271.83$1.00
2025-06-25$61,737,597.67$812,410.77$1.00
2025-06-26$61,301,930.39$2,194,864.68$1.00
2025-06-27$49,730,838.79$34,367,432.38$1.00
2025-06-28$48,990,725.26$2,299,358.60$1.00
2025-06-29$47,813,002.64$3,089,063.81$1.00
2025-06-30$47,807,928.50$653,253.92$1.00
2025-07-01$47,655,456.63$719,995.16$1.00
2025-07-02$46,034,157.04$4,035,952.15$1.00
2025-07-03$46,889,959.98$1,302,630.08$1.00
2025-07-04$46,885,760.50$2,207,573.48$1.00
2025-07-05$46,200,524.34$2,744,689.81$1.00
2025-07-06$46,112,459.65$1,090,725.64$1.00
2025-07-07$46,055,178.16$440,832.45$1.00
2025-07-08$45,993,572.67$1,052,353.68$1.00
2025-07-09$45,973,602.02$1,597,491.27$1.00
2025-07-10$44,778,557.17$3,183,898.43$1.00
2025-07-11$42,335,836.66$3,123,088.77$1.00
2025-07-12$43,104,672.22$1,644,574.56$1.00
2025-07-13$43,121,238.70$1,731,188.80$1.00
2025-07-14$43,079,735.67$838,119.11$1.00
2025-07-15$43,069,442.21$713,407.24$1.00
2025-07-16$43,109,445.82$638,399.54$1.00
2025-07-17$43,093,109.41$925,842.07$1.00
2025-07-18$44,407,301.43$2,603,769.36$1.00
2025-07-19$49,085,380.04$4,979,847.73$1.00
2025-07-20$49,762,894.79$2,281,788.75$1.00
2025-07-21$51,242,262.29$5,600,914.02$1.00
2025-07-22$51,328,088.89$827,019.41$1.00
2025-07-23$50,968,997.95$1,466,949.74$1.00
2025-07-24$50,992,139.25$883,982.47$1.00
2025-07-25$51,431,489.02$1,973,680.12$1.00
2025-07-26$51,603,073.83$2,590,874.34$1.00
2025-07-27$51,766,913.24$3,580,552.66$1.00
2025-07-28$54,789,415.74$5,354,893.92$1.00
2025-07-29$54,887,185.30$2,643,020.02$1.00
2025-07-30$54,911,464.31$327,204.68$1.00
2025-07-31$55,605,754.83$2,531,480.31$1.00
2025-08-01$55,113,531.73$2,644,922.23$1.00
2025-08-02$55,062,287.82$858,440.63$1.00
2025-08-03$55,052,720.18$862,262.49$1.00
2025-08-04$55,237,914.40$1,576,542.51$1.00
2025-08-05$55,865,971.68$1,680,424.84$1.00
2025-08-06$55,277,554.57$2,607,386.10$1.00
2025-08-07$56,461,630.21$1,523,329.30$1.00
2025-08-08$57,730,620.89$3,381,727.21$1.00
2025-08-09$58,372,553.71$3,357,832.68$1.00
2025-08-10$59,503,368.70$1,738,808.52$1.00
2025-08-11$61,869,738.42$2,885,813.15$1.00
2025-08-12$61,727,481.20$2,431,889.05$1.00
2025-08-13$61,883,370.06$1,593,693.14$1.00
2025-08-14$64,029,299.84$1,119,321.02$1.00
2025-08-15$64,228,323.42$2,187,076.18$1.00
2025-08-16$64,775,629.44$1,023,820.86$1.00
2025-08-17$65,073,104.24$1,513,585.10$1.00
2025-08-18$66,470,000.05$1,532,311.70$1.00
2025-08-19$67,804,992.52$636,168.88$1.00
2025-08-20$67,165,237.79$1,929,173.53$1.00
2025-08-21$67,058,642.16$1,074,427.25$1.00
2025-08-22$67,445,361.84$1,503,785.56$1.00
2025-08-23$67,184,583.18$1,644,533.74$1.00
2025-08-24$67,178,238.79$942,938.81$1.00
2025-08-25$67,246,295.06$945,062.70$1.00
2025-08-26$67,458,584.62$949,191.24$1.00
2025-08-27$67,224,408.76$1,202,766.45$1.00
2025-08-28$67,168,985.86$946,984.71$1.00
2025-08-29$67,035,070.23$1,120,710.37$1.00
2025-08-30$66,887,095.27$1,524,372.69$1.00
2025-08-31$66,819,743.70$1,641,859.34$1.00
2025-09-01$66,628,639.18$1,533,268.04$1.00
2025-09-02$66,540,232.60$1,048,040.20$1.00
2025-09-03$65,426,221.84$4,982,938.04$1.00
2025-09-04$63,354,688.58$2,510,633.72$1.00
2025-09-05$63,134,532.27$3,846,976.00$1.00
2025-09-06$63,074,481.61$1,002,734.10$1.00
2025-09-07$63,015,741.80$1,475,607.42$1.00
2025-09-08$62,874,694.97$1,328,482.56$1.00
2025-09-09$62,437,987.20$4,231,877.17$1.00
2025-09-10$61,167,352.75$4,668,644.07$1.00
2025-09-11$61,091,641.89$4,542,976.36$1.00
2025-09-12$60,791,419.41$5,750,574.74$1.00
2025-09-13$60,814,141.05$3,616,552.99$1.00
2025-09-14$61,004,137.41$7,475,931.43$1.00
2025-09-15$60,552,462.20$3,380,011.96$1.00
2025-09-16$60,486,860.39$3,139,162.61$1.00
2025-09-17$60,565,324.39$6,799,063.99$1.00
2025-09-18$60,517,843.40$4,216,531.60$1.00
2025-09-19$66,028,334.66$3,763,266.42$1.00
2025-09-20$65,712,471.72$6,077,756.97$1.00
2025-09-21$65,387,700.04$3,436,591.23$1.00
2025-09-22$64,288,461.48$3,895,233.93$1.00
2025-09-23$63,712,667.80$4,079,059.58$1.00
2025-09-24$62,798,663.53$5,224,426.34$1.00
2025-09-25$62,400,201.48$4,379,536.78$1.00
2025-09-26$60,454,786.03$19,448,601.92$1.00
2025-09-27$59,842,578.16$3,611,796.82$1.00
2025-09-27$59,818,365.06$2,945,089.51$1.00

Frax USD Market Cap Chart

Frax USD Markets

Compare live prices of Frax USD on top exchanges.

#ExchangePairPriceVolume(24h)Trust Score
Curve (Ethereum)0XCACD6FD266AF91B8AED52ACCC382B4E165586E29/0XA3931D71877C0E7A3148CB7EB4463524FEC27FBD $1.000$4,988,100
Curve (Ethereum)0XCACD6FD266AF91B8AED52ACCC382B4E165586E29/0XAB5EB14C09D416F0AC63661E57EDB7AECDB9BEFA $1.000$753,215
Curve (Fraxtal)0XFC00000000000000000000000000000000000001/0X5D3A1FF2B6BAB83B63CD9AD0787074081A52EF34 $1.000$360,251
Curve (Ethereum)0XCACD6FD266AF91B8AED52ACCC382B4E165586E29/0XFA2B947EEC368F42195F24F36D2AF29F7C24CEC2 $1.000$192,089
Curve (Ethereum)0X085780639CC2CACD35E474E71F4D000E2405D8F6/0XCACD6FD266AF91B8AED52ACCC382B4E165586E29 $1.00$83,550
Curve (Fraxtal)0XFC00000000000000000000000000000000000001/0XDCC0F2D8F90FDE85B10AC1C8AB57DC0AE946A543 $0.999$25,350
Curve (Fraxtal)0X788D96F655735F52C676A133F4DFC53CEC614D4A/0XFC00000000000000000000000000000000000001 $0.999$17,185
Metropolis DLMM (Sonic)0X80EEDE496655FB9047DD39D9F418D5483ED600DF/0X29219DD400F2BF60E5A23D13BE72B486D4038894 $0.999$15,317
Etherex0X176211869CA2B568F2A7D4EE941E073A821EE1FF/0XC7346783F5E645AA998B106EF9E7F499528673D8 $0.999$13,624
THENA0X80EEDE496655FB9047DD39D9F418D5483ED600DF/0X55D398326F99059FF775485246999027B3197955 $1.00$9,565
Equalizer (Base)0XE5020A6D073A794B6E7F05678707DE47986FB0B6/0X833589FCD6EDB6E08F4C7C32D4F71B54BDA02913 $0.999$7,148
Uniswap V4 (Ethereum)0XCACD6FD266AF91B8AED52ACCC382B4E165586E29/0XDF100B8ABD3CD41FC5CC1236AD7C6629A901AFBF $1.000$4,174
Curve (Ethereum)0XCACD6FD266AF91B8AED52ACCC382B4E165586E29/0X4C9EDD5852CD905F086C759E8383E09BFF1E68B3 $1.00$5,460
Curve (Sonic)0X5BFF88CA1442C2496F7E475E9E7786383BC070C0/0X80EEDE496655FB9047DD39D9F418D5483ED600DF $1.00$2,209
Curve (Base)0XE5020A6D073A794B6E7F05678707DE47986FB0B6/0X833589FCD6EDB6E08F4C7C32D4F71B54BDA02913 $0.999$1,857
Hydrex Integral0XE5020A6D073A794B6E7F05678707DE47986FB0B6/0X833589FCD6EDB6E08F4C7C32D4F71B54BDA02913 $1.000$662
Curve (Fraxtal)0XFC00000000000000000000000000000000000001/0XFC00000000000000000000000000000000000006 $1.000$18,825
Curve (Ethereum)0XCF62F905562626CFCDD2261162A51FD02FC9C5B6/0XCACD6FD266AF91B8AED52ACCC382B4E165586E29 $1.00$351,000
Curve (Ethereum)0X853D955ACEF822DB058EB8505911ED77F175B99E/0XCACD6FD266AF91B8AED52ACCC382B4E165586E29 $1.00$102,703
Fraxswap (Ethereum)0X04ACAF8D2865C0714F79DA09645C13FD2888977F/0XCACD6FD266AF91B8AED52ACCC382B4E165586E29 $1.000$54,644
Curve (Ethereum)0X9CF12CCD6020B6888E4D4C4E4C7ACA33C1EB91F8/0XCACD6FD266AF91B8AED52ACCC382B4E165586E29 $1.00$13,684
Curve (Fraxtal)0XB102F7EFA0D5DE071A8D37B3548E1C7CB148CAF3/0XFC00000000000000000000000000000000000001 $1.000$3,841
Curve (Ethereum)0XA0ED3359902EFF692E5B8167038133A73D641909/0XCACD6FD266AF91B8AED52ACCC382B4E165586E29 $1.00$2,877
Balancer V3 (Base)0X76A9A0062EC6712B99B4F63BD2B4270185759DD5/0XE5020A6D073A794B6E7F05678707DE47986FB0B6 $0.999$4,165
Sushiswap V3 (Katana)0X80EEDE496655FB9047DD39D9F418D5483ED600DF/0X00000000EFE302BEAA2B3E6E1B18D08D69A9012A $1.00$3,439
Curve (Fraxtal)0X211CC4DD073734DA055FBF44A2B4667D5E5FE5D2/0XFC00000000000000000000000000000000000001 $1.000$5
Curve (Sonic)0XD3DCE716F3EF535C5FF8D041C1A41C3BD89B97AE/0X80EEDE496655FB9047DD39D9F418D5483ED600DF $1.00$636
Shadow Exchange0X80EEDE496655FB9047DD39D9F418D5483ED600DF/0XD3DCE716F3EF535C5FF8D041C1A41C3BD89B97AE $1.000$3,437
OrcaGZX1IREZDU865FIMAKRDVB1H6AE8LAQWYCG6CHRMRFBW/EPJFWDD5AUFQSSQEM2QN1XZYBAPC8G4WEGGKZWYTDT1V $1.000$643
Uniswap V4 (Unichain)0X80EEDE496655FB9047DD39D9F418D5483ED600DF/0X078D782B760474A361DDA0AF3839290B0EF57AD6 $1.00$321
THENA0X64445F0AECC51E94AD52D8AC56B7190E764E561A/0X80EEDE496655FB9047DD39D9F418D5483ED600DF $1.00$223
Uniswap V4 (Unichain)0X64445F0AECC51E94AD52D8AC56B7190E764E561A/0X80EEDE496655FB9047DD39D9F418D5483ED600DF $1.00$182
Hydrex Integral0X6BB7A212910682DCFDBD5BCBB3E28FB4E8DA10EE/0XE5020A6D073A794B6E7F05678707DE47986FB0B6 $0.999$7
Aerodrome SlipStream0XE5020A6D073A794B6E7F05678707DE47986FB0B6/0X833589FCD6EDB6E08F4C7C32D4F71B54BDA02913 $1.000$4,236
Curve (Ethereum)0XCACD6FD266AF91B8AED52ACCC382B4E165586E29/0XF939E0A03FB07F59A73314E73794BE0E57AC1B4E $1.01$17,929,994
Hydrex Integral0X00000E7EFA313F4E11BFFF432471ED9423AC6B30/0XE5020A6D073A794B6E7F05678707DE47986FB0B6 $0.989$461
Equalizer (Sonic)0X64445F0AECC51E94AD52D8AC56B7190E764E561A/0X80EEDE496655FB9047DD39D9F418D5483ED600DF $1.00$107
Uniswap V4 (Base)0X4E74D4DB6C0726CCDED4656D0BCE448876BB4C7A/0XE5020A6D073A794B6E7F05678707DE47986FB0B6 $1.01$7,125
Sushiswap V3 (Katana)0X5BFF88CA1442C2496F7E475E9E7786383BC070C0/0X80EEDE496655FB9047DD39D9F418D5483ED600DF $0.999$40
Equalizer (Base)0X0CEAC003B0D2479BEBEC9F4B2EBAD0A803759BBF/0XE5020A6D073A794B6E7F05678707DE47986FB0B6 $0.999$54
Curve (Arbitrum)0X80EEDE496655FB9047DD39D9F418D5483ED600DF/0X0A1A1A107E45B7CED86833863F482BC5F4ED82EF $0.992$42
Curve (Sonic)0X08417CDB7F52A5021BB4EB6E0DEAF3F295C3F182/0X80EEDE496655FB9047DD39D9F418D5483ED600DF $0.999$14
Uniswap V4 (Ethereum)0XC00DB6B41473D065027F5ED6FADA20FDE75F142E/0XCACD6FD266AF91B8AED52ACCC382B4E165586E29 $1.000$31
Curve (Ethereum)0X4274CD7277C7BB0806BD5FE84B9ADAE466A8DA0A/0XCACD6FD266AF91B8AED52ACCC382B4E165586E29 $1.00$7
Curve (Sonic)0X80EEDE496655FB9047DD39D9F418D5483ED600DF/0XD3DCE716F3EF535C5FF8D041C1A41C3BD89B97AE $1.000$215

About Frax USD

Frax USD (frxUSD) is a fiat-redeemable, fully-collateralized stablecoin issued by the Frax Finance Protocol. It operates using a hybrid model where governance-approved enshrined custodians mint and redeem frxUSD backed by cash-equivalent reserves, while advanced onchain mechanisms developed by the Frax Finance Protocol ensure stability, security, and seamless usability across DeFi and traditional financial systems.