Frax USD
ProjectWatch3About
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.
History
Frax Partners with BlackRock for BUIDL Integration
Frax Integrates Chainlink Proof of Reserve
Frax Finance Launches frxUSD Stablecoin
Frax Lend Exploit on Fraxtal
Frax Finance Launches Fraxtal L2
Frax Expands to Solana
Frax Launches sFRAX Staking Vault
Frax Price Index (FPI) Launch
Frax Deploys on Optimism
Frax V2 Launch
Frax Deploys on Avalanche
Frax Deploys on Arbitrum
Recent News
BlackRock’s BUIDL approved as backing token for Frax USD stablecoin
Securitize Proposes BUIDL Token as Collateral for Frax USD Stablecoin
Securitize proposes BlackRock BUIDL fund as collateral for Frax USD
Securitize proposes adding BlackRock’s BUIDL token as Frax USD stablecoin backing
